Palantir Settles Lawsuit and Invests in Ness Computing

September 15, 2011

Palantir Technologies, a software firm providing analytics platforms for premier financial and intelligence clients, based out of Palo Alto, California, has remained silent since the company’s public image suffered blows in a lawsuit instigated by their competitor i2 Group in early 2011 accusing Palantir employees of illegally obtaining i2 software. According to Palantir’s third black eye: i2 lawsuit settled:

Palantir CEO Alex Karp issued a public statement apologizing for his company’s role in preparing a plan for Bank of America to strike back at Wikileaks, the Internet-based nonprofit group famed for obtaining and releasing sensitive documents into the public domain.

Since the February settlement and a Forbes article released in March, little has been heard from the secretive data analysis start-up other than a July 2011 San Fransisco Chronicle article siting Palantir as an investor in another California start-up, Ness Computing. In the article, Palantir Technologies co-founder Joe Lonsdale said his reasoning for investing in the company was because “their engineering culture reminds me of Palantir.”

After months of silence, could Palantir’s interest in Ness Computing signal that they are looking to their roots to put February’s scandal behind them?

Jasmine Ashton, September 15, 2011

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.