Palantir to relocate headquarters from Silicon Valley to Colorado

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

Charles Platiau | Reuters

Knowledge 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 positioning of its headquarters. It additionally up to date its social media pages to mirror the change.

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

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

It is not instantly clear what number of of Palantir’s over 2,500 international workers will probably be affected. 

Chief Government Officer Alex Karp has been open previously a few 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 Road Journal in 2013 why the Silicon Valley is not a super place for startup workers to work and dwell.

“We now have to determine methods to make housing extra inexpensive in these locations,” Thiel stated. “When individuals begin corporations they’re sometimes getting paid in fairness and never a big wage. The best way hire and housing prices have gone by way of the roof in quite a few cities the place individuals go to begin corporations is an amazing drawback. Zoning guidelines, whereas well-intentioned, have had the impact of constructing it nearly inconceivable for individuals to take a pay reduce 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 Occasions stated in 2018 Thiel’s transfer could have been made due to “backlash from tech trade friends, notably 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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