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Palantir Books $463M SOCOM Tech Support Contract; Akash Jain Quoted

Palantir Technologies (NYSE: PLTR) will provide enterprise technology services to the U.S. Special Operations Command under a multiyear, $463 million contract.

USSOCOM works with Palantir to manage large amounts of data using the latter’s software platform to support decision-making processes, the data analytics company said Monday.

“Our partnership is an example of converting software innovation into real battlefield advantage,” said Akash Jain, president of Palantir’s U.S. government business and a 2023 Wash100 winner.

Jain added that the company will work to help the command make decisions with technology.

Palantir’s portfolio includes large language models, artificial intelligence and edge processing tools designed for the military sector.

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