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Peter Thiel’s Palantir Wins Role in $823 Million Government Contract

Palantir Technologies’ headquarters in Palo Alto, California. — Palantir Technologies’ headquarters in Palo Alto, California.
Photographer: David Paul Morris/Bloomberg

By

Lizette Chapman

February 25, 2020, 9:57 PM UTC

Palantir Technologies Inc. scored another win in Washington Tuesday, securing a contract worth as much as $823 million to provide software to the Department of Defense, according to communications reviewed by Bloomberg.

The four-year deal represents more than a decade of work by the Palo Alto, California-based data mining startup to break into the club of existing defense contractors, and bolsters the company’s prospects as it prepares it to go public.