Palantir Declares Strategic Partnership with Cloudflare Centered on Cloud Value Optimization

DENVER, Jan. 10, 2023 /PRNewswire/ — Palantir Applied sciences Inc. (NYSE: PLTR) right now introduced a strategic partnership with Cloudflare, Inc. (NYSE: NET), the safety, efficiency, and reliability firm serving to to construct a greater Web, to assist organizations lower cloud prices, improve management, and enhance predictability over multi-cloud workloads.

Understanding cloud spend is complicated, particularly in environments the place clients use a number of cloud distributors. As organizations transition extra of their workloads to the cloud, the complexity and prices of those workloads have elevated. What’s extra, organizations usually wrestle to attain granular visibility over their cloud spend or, more and more, a capability to simply handle cloud prices. Inside stakeholders starting from finance executives to infrastructure engineers have to securely collaborate on optimizations and analyses to create lasting cloud efficiencies.

“Stitching collectively a patchwork of cloud contracts and evaluating them throughout groups, workflows, and inner stakeholders is basically an information integration problem,” mentioned Shyam Sankar, COO of Palantir. “Our partnership with Cloudflare supplies an avenue for Palantir Foundry to drive down multi-cloud prices, Palantir Apollo to scale back the burden on DevOps and enhance clients’ gross margins, and Cloudflare to offer a contemporary cloud structure that does not prohibit buyer selection and delivers significant value financial savings.”

This strategic partnership will present organizations with the flexibility to rapidly generate significant value financial savings from their current cloud payments and transition to a extra cost-efficient cloud infrastructure for the long-term.

Inside 24 hours of knowledge connection, clients can leverage pre-built infrastructure in Palantir Foundry to know their present cloud prices: integrating information from throughout cloud distributors, mapping to the inner ontology that governs totally different enterprise models and attribution elements, and figuring out inner alternatives for extra environment friendly work, together with potential migrations to Cloudflare. These migrations, notably helpful for organizations with excessive volumes of knowledge egress, can allow clients to distribute information and execute high-compute and different workflows faster, cheaper, and at a better scale than conventional cloud distributors—all whereas remaining cloud-agnostic. By leveraging Cloudflare’s Employees Platform and R2 Storage resolution, clients from the most important enterprises to small companies are additional enabled to construct, deploy, and handle their workloads seamlessly, at international scale, and with better flexibility and value effectivity.

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“At this time’s trendy utility stacks are a group of many providers working on totally different clouds. Legacy cloud suppliers shackle clients with restrictive pricing fashions, making it untenable to make use of a number of cloud distributors or change suppliers,” mentioned Dane Knecht, SVP of Rising Expertise & Incubation at Cloudflare. “Cloudflare’s Employees Developer Platform and R2 Storage give builders a versatile, value environment friendly improvement platform with large scale. In contrast to different cloud distributors that lock clients in with excessive egress charges, Cloudflare does not cost for egress. We’re redefining the usual of how builders work with object storage, permitting them to concentrate on innovation, slightly than the prices of accessing their information. We’re excited to work with Palantir to carry better visibility to clients round their cloud spend and options on the way to scale back it.”

About Palantir
Foundational software program of tomorrow. Delivered right now. Further data is obtainable at https://www.palantir.com.

About Cloudflare
Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to assist construct a greater Web. Cloudflare’s suite of merchandise shield and speed up any Web utility on-line with out including {hardware}, putting in software program, or altering a line of code. Web properties powered by Cloudflare have all net visitors routed by its clever international community, which will get smarter with each request. In consequence, they see vital enchancment in efficiency and a lower in spam and different assaults. Cloudflare was awarded by Reuters Occasions for International Accountable Enterprise in 2020, named to Quick Firm’s Most Progressive Firms in 2021, and ranked amongst Newsweek’s Prime 100 Most Cherished Workplaces in 2022.

Ahead-Trying Statements
This press launch accommodates forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, which statements contain substantial dangers and uncertainties. In some instances, you possibly can determine forward-looking statements as a result of they include phrases resembling “could,” “will,” “ought to,” “anticipate,” “discover,” “plan,” “anticipate,” “may,” “intend,” “goal,” “undertaking,” “ponder,” “imagine,” “estimate,” “predict,” “potential,” or “proceed,” or the destructive of those phrases, or different related phrases or expressions that concern Palantir’s or Cloudflare’s expectations, technique, plans, or intentions. Nevertheless, not all forward-looking statements include these figuring out phrases. Ahead-looking statements expressed or implied on this press launch embrace, however will not be restricted to, statements concerning the anticipated performance, efficiency, and advantages to clients of Palantir’s merchandise and know-how (together with Palantir Foundry and Palantir Apollo) and Cloudflare’s merchandise and know-how (Cloudflare’s Employees Platform and R2 Storage), the potential ensuing advantages to Palantir and Cloudflare clients of utilizing Palantir and Cloudflare merchandise collectively, the potential alternative for Palantir and Cloudflare to draw extra clients and to broaden gross sales to current clients by using their merchandise collectively, Palantir’s and Cloudflare’s technological improvement, future operations, progress, initiatives, or methods, and feedback made by Palantir’s and Cloudflare’s executives, and others. Precise outcomes may differ materially from these said or implied in forward-looking statements on account of numerous elements, together with however not restricted to, dangers detailed in Palantir’s and Cloudflare’s filings with the Securities and Alternate Fee (SEC), together with Palantir’s Quarterly Report on Type 10-Q filed on November 7, 2022 and Cloudflare’s Quarterly Report on Type 10-Q filed on November 3, 2022, in addition to different filings that Palantir and Cloudflare could make infrequently with the SEC.

The forward-looking statements made on this press launch relate solely to occasions as of the date on which the statements are made. Neither Palantir nor Cloudflare undertakes any obligation to replace any forward-looking statements made on this press launch to mirror occasions or circumstances after the date of this press launch or to mirror new data or the incidence of unanticipated occasions, besides as required by legislation. Palantir and Cloudflare could not truly obtain the plans, intentions, or expectations disclosed of their respective forward-looking statements, and you shouldn’t place undue reliance on both Palantir’s or Cloudflare’s forward-looking statements.

Cloudflare, the Cloudflare emblem, and different Cloudflare marks are logos and / or registered logos of Cloudflare, Inc. within the U.S. and different jurisdictions. All different marks and names referenced herein could also be logos of their respective house owners.

Media Contact
Lisa Gordon
media@palantir.com

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SOURCE PALANTIR TECHNOLOGIES INC.