V-ECON Audit: Palantir

Supply Chain & Sourcing Relationships

Direct Supplier Relationships No public evidence identified. Palantir is a software and data analytics company; agricultural supplier relationships are not applicable to its business model.

Importer of Record Structure No public evidence identified. Palantir does not operate as an importer of physical goods. No wholly-owned import subsidiary, joint venture, or dedicated import entity has been identified involving physical merchandise.

Seasonal Sourcing Patterns Not applicable to Palantir’s software business model.

Third-Party & Indirect Sourcing Not applicable to Palantir’s software business model.

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products No public evidence identified. Palantir does not trade in physical goods; settlement-origin product labeling requirements are not applicable to its software business.

Labeling Compliance Not applicable to Palantir’s product category.

Corporate Labeling Policy Not applicable to Palantir’s software platforms (Gotham, Foundry, AIP).

Investment, Capital & Financial Exposure

Foreign Direct Investment in Israel and Occupied Territories Palantir maintains a commercial office in Tel Aviv, Israel, established approximately 2022 and confirmed active through 2024-2025 ¹. Palantir Engineering Israel Ltd. (company registration number 514903004) is registered at Rothschild Blvd 46, Tel Aviv-Jaffa 6688312, Israel ²³. The Israeli subsidiary is explicitly listed in Palantir’s SEC Exhibit 21.1 subsidiary schedule for FY2024 ². No evidence of Palantir capital investment in factories, data centers, logistics hubs, or real estate holdings in occupied territories has been identified in public filings ⁴.

R&D and Innovation Centres The Tel Aviv presence is characterized in Israeli business press as a sales and business development office rather than an engineering hub ¹. No standalone R&D center, innovation lab, or accelerator programme operated by Palantir within Israel has been publicly documented as of 2024-2025. No Israeli government R&D grant from the Israel Innovation Authority awarded to Palantir has been publicly identified.

Parent and Beneficial Ownership Flows Palantir Technologies Inc. is incorporated in Delaware and publicly traded on NYSE (ticker: PLTR). It has no parent company ⁴. Co-founders Peter Thiel (Class F “founder shares” with enhanced voting rights) and Alex Karp are among the largest individual shareholders. Peter Thiel, separately from Palantir corporate operations, invests in technology ventures through Founders Fund. Carbyne (formerly Reporty), an Israeli emergency services technology company, is a confirmed Founders Fund portfolio company.

Portfolio and Fund Exposure No public evidence identified of Palantir Technologies Inc. holding Israeli-domiciled securities, Israeli sovereign bonds, or Israel-focused investment funds on its corporate balance sheet ⁴. Norwegian investor Storebrand Asset Management divested its holding (NOK 262 million / approximately $24 million) in Palantir in October 2024, citing “sales of products and services to Israel for use in occupied Palestinian territories” ⁵⁶.

Operational Presence & Market Activity

Physical Footprint Palantir operates a commercial office in Tel Aviv, Israel, established approximately 2022 and confirmed as active through 2024-2025 ⁷¹. Palantir Engineering Israel Ltd. is the registered legal vehicle for this presence, required under Israeli Companies Law for foreign entities conducting sustained commercial operations ³. No Palantir offices, warehouses, retail locations, or support centres within the occupied West Bank, Gaza, or Golan Heights have been publicly documented. Palantir maintains a permanent desk at the US-led Civil-Military Coordination Center (CMCC) in Kiryat Gat, Israel (approximately 20km north of Gaza), established October 2025 ⁸.

Employment & Tax Contribution Precise headcount figures for Palantir’s Tel Aviv office are not publicly disclosed. Israeli business press characterizes the office as a small commercial team ¹. Palantir is required to register as a foreign company conducting business in Israel under Israeli Companies Law.

Market Positioning Palantir’s annual reports for FY2022 through FY2025 do not specifically identify Israel as a named strategic market ⁴⁹. Israel-derived revenue, if any, is aggregated within international government revenue segments and is not disaggregated by country in public disclosures. In FY2024, Palantir reported total revenue of approximately $2.865 billion, with international government revenue of approximately $371 million; Israel is one of multiple undifferentiated clients within this segment ⁴. Israeli business press characterizes Palantir as a strategic government technology partner following contract awards with Israeli defense and intelligence agencies ¹⁰¹¹.

Corporate Structure & Foundational Ties

Founding & Incorporation History Palantir Technologies Inc. was founded in 2003 in Palo Alto, California, by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings ⁴. Palantir is not an Israeli-origin company and was not founded in Israel. The company received early-stage funding from In-Q-Tel, the CIA’s venture capital arm.

Headquarters & Domicile Palantir’s legal domicile is the State of Delaware, United States. Its operational headquarters is Denver, Colorado, as of approximately 2020. No dual headquarters in Israel and no legacy Israeli domicile have been identified.

State & Institutional Linkages Palantir entered into a strategic partnership with the Israeli Ministry of Defense (IMOD) in January 2024 for “war-related missions” — the agreement is estimated to be worth “tens of millions of USD” ¹⁰¹². The IMOD contract enables Palantir’s AIP (Artificial Intelligence Platform) for “rapid data analysis, battlefield decision-making, and targeting to produce analyses of enemy targets and propose battle plans in Gaza” ¹²¹³¹⁴. CEO Alex Karp stated after October 7, 2023: “we are going to give Israel all the help it needs, no questions asked” ¹⁵. Palantir held its first board meeting of 2024 in Tel Aviv in January “to show solidarity with Israel” during the war ⁷. The UN Special Rapporteur’s report A/HRC/59/23 (July 2025) discusses Palantir’s “long-standing technical relationship with Israeli security forces” that “expanded further” after October 2023 ¹⁶. No Israeli state ownership stake in Palantir has been identified. No Israeli government appointee to Palantir’s board of directors has been identified in public proxy filings.

Structural Governance Features Palantir employs a multi-class share structure comprising Class A shares (public), Class B shares (early investors and insiders), and Class F shares (founders), with Class F shares carrying disproportionate voting rights concentrated among the founding group, principally Peter Thiel ⁴. No golden share, charter restriction, or governance feature tying Palantir’s mission or board composition to the Israeli state or Israeli institutional interests has been identified in SEC filings.

Profit Repatriation & Economic Contribution

Revenue Attribution Palantir does not publicly disaggregate Israel as a named revenue geography in its 10-K annual reports or quarterly earnings disclosures ⁴⁹. Israeli government contract revenue falls within the international government revenue segment. The financial value of the IMOD contract was not publicly disclosed by either Palantir or IMOD; estimates place it at “tens of millions” USD ¹⁰¹².

Profit Flows Palantir is a U.S.-headquartered, Delaware-incorporated public company. Profits generated globally — including from Israeli government contracts — are consolidated at the U.S. parent entity level and flow to U.S.-domiciled shareholders and the corporate balance sheet. No Israeli parent, Israeli majority shareholder, or Israeli-domiciled holding company receives upstream profit repatriation from Palantir’s global operations. The structural direction of profit flow is outward from Israel toward the U.S. parent entity: contract payments originate with the Israeli Ministry of Defense and flow to Palantir’s U.S. corporate accounts.

Economic Ecosystem Role No publicly available Israeli government designation, industry report, or sector analysis characterizing Palantir as a key employer, sector anchor, or critical infrastructure provider within the Israeli civilian economy has been identified. Within the Israeli defense and intelligence technology ecosystem, Palantir is characterized in press and advocacy-sector reporting as a significant foreign technology contractor ¹²¹¹.

Post-ICJ/ICC Continuity Assessment No evidence of Palantir modifying or terminating Israeli operations following the ICJ Advisory Opinion of July 19, 2024. No evidence of Palantir modifying or terminating Israeli operations following the ICC arrest warrants of November 2024. Operations continue through 2025, including the CMCC deployment in Kiryat Gat ⁸. No Form 8-K filed by Palantir through April 2026 addresses a material change in its Israeli government business relationships.

Investor Exclusions Norwegian Government Pension Fund Global (NBIM) has not published a specific Palantir exclusion as of 2024-2025 but voted FOR human rights shareholder proposals at Palantir’s June 2026 AGM ¹⁷¹⁸. Storebrand divested $24 million (NOK 262 million) citing concerns over sales to occupied territories ⁵⁶.

End Notes