Palantir was funded by the CIA! #surveillance #Shorts

Transcript

But on the other hand, its its survival and growth was dependent on deep secretive relationships with the national security apparatus. And Karp's role is to bridge this gap, providing a credible public voice to counter the the massive privacy concerns associated with a data mining company working for spy agencies. Palanteer's early years had difficulty. The company struggled to attract outside investment. According to Karp, venture capitalists were deeply skeptical.

The company was kept alive by Teal. both his deep personal belief in the company and financial backing. Till's initial investment was reported to be over $30 million. Must be nice to have that kind of money to just invest. However, a transformative moment occurred in 2004 when it received a $2 million investment in QEL, the venture capital arm of the CIA.

And this was more than seed money. The investment was a stamp of approval from the heart of the US intelligence community. It provided Palanteer with credibility, a direct channel to its customers, anchoring the company firmly within the national security establishment. For the next three years, Palanteer developed its technology through pilot programs facilitated by INQL, working with computer scientists and an analysts from intelligence agencies to refine his core concept of intelligence augmentation using software to enhance human analysts. And the partnership with the CIA was the catalyst that transformed Palanteer from a struggling startup into an indispensable tool for well the modern state of the US Government.