Palantir Technologies Inc. PLTR disclosed that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS).
FedRAMP is a government-wide initiative designed to facilitate the adoption of secure cloud services across federal agencies by offering a standardized approach to security and risk assessments.
This authorization covers all of Palantir’s product offerings, including AIP, Apollo, Foundry, Gotham, FedStart, and Mission Manager, allowing the company to provide these services to the U.S. Government at the FedRAMP High baseline.
The authorization enhances Palantir’s previous FedRAMP Moderate, DoD IL5, and IL6 authorizations, allowing the U.S. government to process highly sensitive unclassified workloads using Palantir’s cloud services.
“With the addition of the PFCS-SS FedRAMP High offering, Palantir is excited to accelerate our work with other technology partners—big and small, government or commercial—to enable their technology to be securely operated on behalf of USG missions,” said Akash Jain, CTO and President of Palantir USG.
Recently, the company transferred the listing of its Class A Common Stock to the Nasdaq Global Select Market from the New York Stock Exchange.
Investors can gain exposure to the stock via REX AI Equity Premium Income ETF AIPI and ProShares Big Data Refiners ETF DAT.
Price Action: PLTR shares are up 4.88% at $69.63 at the last check Tuesday.
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