Britain's NHS is giving Peter Thiel's Palantir £1 million to process sensitive medical records of Covid-19 patients.
Palantir's Foundry software powers the front end of the Covid-19 data store. The NHS said it enables disparate data to be "integrated, cleaned, and harmonized" so that a "single source of truth" can be established and used to support decision-making.
Microsoft, Amazon, Google, and Faculty, a U.K. artificial intelligence start-up that worked for Dominic Cummings during the Vote Leave campaign, were also involved in setting up the Covid-19 data store. However, Google has since been dropped, according toThe extended contract requires Palantir to package up the work it has been doing so the service can go out to tender in an open procurement process. It's possible that Palantir could be kept on after the extension period.
Co-founded by billionaire Peter Thiel, an ally of U.S. President Donald Trump, Palantir has developed data trawling technology that intelligence agencies and governments use for surveillance and to spot suspicious patterns in public and private databases. Customers include the CIA, FBI, and the U.S. Army. More recently, the company has also started selling its technology to enterprises in a range of other industries.
Palantir sees a huge opportunity in Europe and now has more staff in its London office than it does at its headquarters in Palo Alto, California. The company confidentially filed to go public earlier this month and is in the midst of raising nearly $1 billion in new capital, separate from the IPO. It has already raised in excess of $2.6 billion and is valued at over $20 billion.
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