Palantir Joins Cloud Wars Top 10: 48% Growth, $440B Market Cap

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23d ago 5:21

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In today's Cloud Wars Minute, I explain how Palantir’s unique model and alignment with AI trends earned it a spot in the Top 10.

Highlights

00:14 — Well, one company that has hammered its way into the Cloud Wars Top 10 is Palantir. With regret, I have to say farewell to Snowflake. So, I've noted here at the top a couple of numbers: 48% revenue growth for Palantir in its recent fiscal Q2. That pushed its revenue to just over $1 billion, which gives them a $4 billion annualized run rate.

01:39 — But I think the reason that's so high is there's an alignment between the demands that businesses have right now—to get their data in order, get their processes in order, their workflows, put things together seamlessly, to be able to take full advantage of what they're doing with AI. That matches up with the unique software capabilities, architecture, and business model Palantir has.

02:26 — Palantir takes those desired business outcomes and engineer backwards, using its very powerful but flexible software to determine the right approach. I've got a detailed interview with Chad Walquist, an executive at Palantir. Chad said is that they’ve got about 100 salespeople. He said, “You know, maybe, if we really do a rigorous count, maybe it’s 150, but it’s not more than that.”

03:17 — Palantir defies the notion of being plugged into any of the old-fashioned and somewhat tired industry analyst boxes. I think more of the big software companies are moving in that direction — doing what customers want and need, rather than trying to fit into some narrowly defined boxes that industry analysts have cooked up.

04:42 — Chad's title at Palantir is Architect. He's got an illustrious background as an enterprise architect, but I think, as you'll see in this video, he's also the person at Palantir who handles a lot of product marketing and marketing overall, a lot of their strategy, and so forth. It's a very different sort of company, and Chad does a fantastic job of describing what those differences are.

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