On Tuesday, Palantir Technologies Inc. . (NASDAQ:) saw a 5% increase in its stock value following the announcement that it received high clearance from FedRAMP for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS). This important authorization allows the company to offer its full range of products and programs to the US government on the FedRAMP High baseline, which is designed for the most sensitive unclassified workloads.
FedRAMP, or Federal Risk and Authorization Management Program, is a foundational standard for cloud services used by the federal government, ensuring a consistent approach to security and risk assessment. Palantir's latest achievement builds on its existing authorizations, including FedRAMP Moderate and Department of Defense Impact Level 5 and 6 (DoD IL5 and IL6), further cementing its position as a trusted provider of secure cloud services.
Akash Jain, Palantir CTO and President of Palantir USG, expressed his pride in achieving the FedRAMP High milestone for the company's full suite of products, including AIP, Apollo, Foundry, Gotham, FedStart and Mission Manager. Jain highlighted the potential for accelerated collaboration with technology partners to support US government missions, emphasizing Palantir's commitment to maintaining the highest security standards.
PFCS is a cloud-hosted offering designed to deliver Palantir software to federal government customers as a cloud service, streamlining the procurement process and enabling rapid deployment in the face of complex challenges. Similarly, PFCS-SS provides a secure cloud service environment for commercial software on the FedRAMP High baseline, leveraging PFCS infrastructure and management services.
Palantir shares have seen remarkable growth of more than 300% so far this year, with a 65% increase in the last month alone, reflecting the company's strong performance and investor confidence.
This article was generated with the support of ai and reviewed by an editor. For more information consult our T&C.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window, document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
