Security News > 2020 > September > Secretive Big Data Firm Palantir Makes Low-Key Stocks Debut
Data analytics firm Palantir, which has drawn fire over its law enforcement and national security work, made a low-key debut Wednesday on Wall Street at a hefty valuation of more than $20 billion.
The report said Palantir "Has a responsibility to avoid causing or contributing to human rights abuses, and to address human rights impacts in which they are involved" under United Nations guidelines.
In its prospectus, Palantir said it offers software to defense and intelligence agencies "Whose missions are to keep us safe," while adding that it steers clear of data tracking used by other large technology firms.
Founded in 2003 in response to the September 11, 2001 terror attacks, Palantir got initial funding from a CIA venture-capital unit.
While Palantir's data practices and algorithms are secret, the company claims it follows a roadmap which is more ethical than its tech sector rivals.