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

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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