U.S. data analytics firm Palantir Technologies ($PLTR) has reached a multi-year agreement to expand its software deployment across HD Hyundai, a South Korea-based industrial conglomerate with operations spanning shipbuilding, energy systems, construction equipment, and robotics. The deal is expected to generate hundreds of millions of dollars in revenue for Palantir over several years, according to reporting shared with Reuters at the World Economic Forum in Davos.
- The agreement expands an existing relationship between Palantir and HD Hyundai that began in 2021.
- Palantir’s Foundry and Artificial Intelligence Platform will be deployed across multiple HD Hyundai business units.
- The partnership includes plans to establish a joint Center of Excellence focused on AI and data analytics.
- HD Hyundai operates globally in shipbuilding, marine engines, heavy machinery, energy systems, and industrial robotics.
- Palantir has recently disclosed lobbying activity related to artificial intelligence, government software procurement, and defense-adjacent technology policy.
Relevant Companies
- Palantir Technologies ($PLTR) – Revenue exposure from a large, multi-year enterprise software agreement tied to industrial AI deployment.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
