Karp didn’t say when or if the company will go public or when it will disclose financials.
“I think people — when we do this — will be very surprised at what they see, and I think they will be positively surprised,” he said. Karp was specifically talking about revenue and margins.
He said the company has signed a multiyear deal to expand deployment with Fiat Chrysler. Some 1,500 employees at the carmaker, including assembly-line managers, use the software to identify production problems and potential safety issues, he said.
Palantir is going after a big market. Global revenue for big data and business analytics will grow to $210 billion by 2020 from $151 billion in 2017, according to research firm IDC. The tech giants are all playing in the space, with Microsoft, IBM, Oracle and SAP selling big data and analytics tools.
Karp said he isn’t concerned about the competition.
“Most software comes in two flavors: It either doesn’t work or it’s not useful,” he said. “Our software comes in this flavor: It’s very useful and sometimes deadly,” he said, referring to its use by the military.