MAAT INDEX

CLAIM #49521 · Palantir Technologies Inc. (PLTR) · 2023Q4 earnings call · Feb 5, 2024 · due Dec 31, 2024

So, we intend to launch FedStart with the UK on the secret network and above top secret network later this year.

Shyam Sankar · CTO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

of interest has the FedStart program seen as of late? Has the market responded to this? And will there be additional marketing made towards these start-ups? And relatedly, when do you expect Apollo to be a significant contributor to Palantir's revenue? Shyam Sankar: Great. Thanks, Tanner. Yeah, FedStart has been a hit. And I think it's easy to understand why. There's been $100 billion of capital that's flowed into the defense tech community at large. No one can afford the two years and $2 million it takes to achieve this accreditation. This provides market access. We've started with an intense focus on IL5, bringing folks to the DoD market. We plan to release an IL6 FedStart at the end of Q2 and FedRAMP High at the end of Q3, early Q4. And we're also going to be taking this to our allies. So, we intend to launch FedStart with the UK on the secret network and above top secret network later this year. Apollo is having its moment. I think the charisma it has with customers when they see it running at scale, running, managing all $2.2 billion of our revenue, I think a big part of this is they've spent the last two years trying to solve these problems on their own. And then, this really understand how much value it can contribute to them, how much can accelerate them, both on the government program side, but also on the company side, where companies are struggling with how to efficiently deliver modern software into these environments. But I think the bigger thing that I'm really excited about is Mission Manager, which is Apollo Rubix, which is our Zero Trust compute and networking infrastructure and the ontology software development kit, the OSDK as a combined offering to the government

Verify independently

SEC filings for PLTR · Claim quote is verbatim from the 2023Q4 earnings call.