Palantir to relocate headquarters from Silicon Valley to Colorado

Palantir Applied sciences CEO Alex Karp arrives on the “Tech for Good” Summit in Paris, France Might 15, 2019.

Charles Platiau | Reuters

Information analytics software program firm Palantir Applied sciences is relocating its headquarters to Denver, Colorado from Palo Alto, California, CNBC confirmed Wednesday. 

The corporate up to date its web site the place it now lists Denver as the location of its headquarters. It additionally up to date its social media pages to replicate the change.

The Denver Business Journal first reported information of a possible transfer. 

Co-founded in 2004 by billionaire investor Peter Thiel, Palantir is an information analytics firm that gives software program to giant corporations and authorities businesses. Palantir additionally introduced early July that it filed confidentially for a public inventory providing.

It isn’t instantly clear what number of of Palantir’s over 2,500 global employees might be affected. 

Chief Govt Officer Alex Karp has been open previously a couple of potential transfer. In an interview with Axios on HBO in Might, Karp stated he was towards the “growing intolerance and monoculture of Silicon Valley” and was nearing a choice on whether or not or to not transfer. Karp stated on the time Colorado was into consideration.

Thiel defined to The Wall Street Journal in 2013 why the Silicon Valley is not a really perfect place for startup workers to work and stay.

“Now we have to determine methods to make housing extra reasonably priced in these locations,” Thiel stated. “When individuals begin corporations they’re usually getting paid in fairness and never a big wage. The best way hire and housing prices have gone by the roof in quite a lot of cities the place individuals go to begin corporations is an amazing downside. Zoning guidelines, whereas well-intentioned, have had the impact of creating it nearly inconceivable for individuals to take a pay lower and make a leap.” 

Thiel, an early Fb investor and board member there, was a supporter of Trump’s 2016 presidential marketing campaign and spoke on the Republican Nationwide Conference. In 2018, he moved from Silicon Valley to Los Angeles. The Los Angeles Times stated in 2018 Thiel’s transfer could have been made due to “backlash from tech business friends, significantly inside Fb’s ranks,” for supporting Trump and that he was “shocked by what he known as a ‘visceral response’ in socially liberal Silicon Valley to his assist of the president.”

CNBC’s Josh Lipton and Lora Kolodny contributed to this report.

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PJ is the Digital Marketer & Founder of PJ Digital Marketing, has involved in this field from 2010 onwards. Also the owner of a few more sites in different fields.