Palantir secures FedRAMP High Authorization for enhanced cloud services

In recent weeks, Palantir Technologies Inc. announced that it received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and supporting services. This critical authorization is part of a government-wide initiative aimed at promoting the adoption of secure cloud services across U.S. federal agencies through standard security and risk assessment protocols. The authorization is significant as it encompasses all of Palantir's product offerings, such as AIP, Apollo, Foundry, Gotham, FedStart, and Mission Manager, thereby extending the company's ability to handle highly sensitive governmental workloads that were previously constrained by lower security levels. This development enhances Palantir's previous authorizations under FedRAMP Moderate, Department of Defense Impact Level 5 (DoD IL5), and Impact Level 6 (IL6). By achieving FedRAMP High, Palantir is positioned to better serve U.S. Government clients requiring robust security measures for sensitive unclassified information. As Akash Jain, CTO and President of Palantir USG, stated, the company is eager to accelerate collaborations with both technology partners and institutions within government sectors to ensure that these services meet stringent security requirements. The relocation of the Class A Common Stock listing from the New York Stock Exchange to Nasdaq Global Select Market also marks a significant transition for Palantir, indicating its growth and aspirations in the public market. These moves are seen as strategic steps to enhance the credibility and operational capabilities of the company as it navigates partnerships within the technology space and government operations. Overall, the granting of FedRAMP High Authorization reflects the U.S. Government's increased trust in Palantir's cloud capabilities and its ongoing efforts to promote technological partnerships that enhance security measures for its missions.