Palantir Technologies Inc. (NYSE: PLTR) confirmed that it has joined forces with Stellantis N.V. As per the partnership, Palantir's Foundry operating system will be implemented across Stellantis' brands, business functions, and plant locations to help the company speed up its digital transformation into a sustainable mobility tech company, enhance supply chain performance, enhance quality, speed deliveries, and scale marketing and sales efforts.
Palantir Foundry is intended to change the way businesses run by establishing a single operating system for their data and merging disparate data sources into a unified image. Stellantis will use Foundry to create a single digital twin of its operations and expedite company-wide synergies, in addition to scaling best practices throughout the united business.
Foundry will also help Stellantis gain a better understanding of part availability in a supply-driven environment and change tooling to match client needs. It will also assist in the delivery of critical sales and marketing analytics, resulting in a better insight into profitability drivers and customer patterns.
Furthermore, Palantir Foundry will power decisions across markets and functions at what will become a world leader for a new era of sustainable mobility in 2021, thanks to this agreement. This agreement will expand Palantir's previous relationships with Stellantis' founding companies to a global, enterprise-wide license across the company's vast ecosystem and 14 iconic automotive brands.
Palantir's software is used in over 50 sectors to make data-driven decisions across a wide range of use cases in some of the world's most complex data environments, such as manufacturing and solving crucial supply chain concerns.