DENVER, Jan. 10,
2023 /PRNewswire/ -- Palantir Technologies Inc.
(NYSE: PLTR) today announced a strategic partnership
with Cloudflare, Inc. (NYSE: NET), the security, performance,
and reliability company helping to build a better Internet, to help
organizations cut cloud costs, increase control, and improve
predictability over multi-cloud workloads.
Understanding cloud spend is complex, especially in environments
where customers use multiple cloud vendors. As organizations
transition more of their workloads to the cloud, the complexity and
costs of these workloads have increased. What's more, organizations
often struggle to achieve granular visibility over their cloud
spend or, increasingly, an ability to easily manage cloud costs.
Internal stakeholders ranging from finance executives to
infrastructure engineers need to securely collaborate on
optimizations and analyses to create lasting cloud
efficiencies.
"Stitching together a patchwork of cloud contracts and
evaluating them across teams, workflows, and internal stakeholders
is fundamentally a data integration challenge," said Shyam Sankar, COO of Palantir. "Our partnership
with Cloudflare provides an avenue for Palantir
Foundry to drive down multi-cloud costs, Palantir
Apollo to reduce the burden on DevOps and improve customers'
gross margins, and Cloudflare to provide a modern cloud
architecture that doesn't restrict customer choice and delivers
meaningful cost savings."
This strategic partnership will provide organizations with the
ability to quickly generate meaningful cost savings from their
existing cloud bills and transition to a more cost-efficient cloud
infrastructure for the long-term.
Within 24 hours of data connection, customers can leverage
pre-built infrastructure in Palantir Foundry to understand their
current cloud costs: integrating data from across cloud vendors,
mapping to the internal ontology that governs different business
units and attribution factors, and identifying internal
opportunities for more efficient work, including potential
migrations to Cloudflare. These migrations, particularly valuable
for organizations with high volumes of data egress, can enable
customers to distribute data and execute high-compute and other
workflows quicker, cheaper, and at a greater scale than traditional
cloud vendors—all while remaining cloud-agnostic. By leveraging
Cloudflare's Workers Platform and R2 Storage solution, customers
from the largest enterprises to small businesses are further
enabled to build, deploy, and manage their workloads seamlessly, at
global scale, and with greater flexibility and cost efficiency.
"Today's modern application stacks are a collection of many
services running on different clouds. Legacy cloud providers
shackle customers with restrictive pricing models, making it
untenable to use multiple cloud vendors or switch providers," said
Dane Knecht, SVP of Emerging
Technology & Incubation at Cloudflare.
"Cloudflare's Workers Developer Platform and R2
Storage give developers a flexible, cost efficient development
platform with massive scale. Unlike other cloud vendors that lock
customers in with high egress fees, Cloudflare doesn't charge for
egress. We are redefining the standard of how developers work with
object storage, allowing them to focus on innovation, rather
than the costs of accessing their data. We're excited to work with
Palantir to bring greater visibility to customers around their
cloud spend and solutions on how to reduce it."
About Palantir
Foundational software of tomorrow.
Delivered today. Additional information is available
at https://www.palantir.com.
About Cloudflare
Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a
mission to help build a better Internet. Cloudflare's suite of
products protect and accelerate any Internet application online
without adding hardware, installing software, or changing a line of
code. Internet properties powered by Cloudflare have all web
traffic routed through its intelligent global network, which gets
smarter with every request. As a result, they see significant
improvement in performance and a decrease in spam and other
attacks. Cloudflare was awarded by Reuters Events for Global
Responsible Business in 2020, named to Fast Company's Most
Innovative Companies in 2021, and ranked among Newsweek's Top 100
Most Loved Workplaces in 2022.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which statements involve substantial risks and uncertainties. In
some cases, you can identify forward-looking statements because
they contain words such as "may," "will," "should," "expect,"
"explore," "plan," "anticipate," "could," "intend," "target,"
"project," "contemplate," "believe," "estimate," "predict,"
"potential," or "continue," or the negative of these words, or
other similar terms or expressions that concern Palantir's or
Cloudflare's expectations, strategy, plans, or intentions. However,
not all forward-looking statements contain these identifying words.
Forward-looking statements expressed or implied in this press
release include, but are not limited to, statements regarding the
expected functionality, performance, and benefits to customers of
Palantir's products and technology (including Palantir Foundry and
Palantir Apollo) and Cloudflare's products and technology
(Cloudflare's Workers Platform and R2 Storage), the potential
resulting benefits to Palantir and Cloudflare customers of using
Palantir and Cloudflare products together, the potential
opportunity for Palantir and Cloudflare to attract additional
customers and to expand sales to existing customers through the use
of their products together, Palantir's and Cloudflare's
technological development, future operations, growth, initiatives,
or strategies, and comments made by Palantir's and Cloudflare's
executives, and others. Actual results could differ materially from
those stated or implied in forward-looking statements due to a
number of factors, including but not limited to, risks detailed in
Palantir's and Cloudflare's filings with the Securities and
Exchange Commission (SEC), including Palantir's Quarterly Report on
Form 10-Q filed on November 7, 2022
and Cloudflare's Quarterly Report on Form 10-Q filed on
November 3, 2022, as well as other
filings that Palantir and Cloudflare may make from time to time
with the SEC.
The forward-looking statements made in this press release relate
only to events as of the date on which the statements are made.
Neither Palantir nor Cloudflare undertakes any obligation to update
any forward-looking statements made in this press release to
reflect events or circumstances after the date of this press
release or to reflect new information or the occurrence of
unanticipated events, except as required by law. Palantir and
Cloudflare may not actually achieve the plans, intentions, or
expectations disclosed in their respective forward-looking
statements, and you should not place undue reliance on either
Palantir's or Cloudflare's forward-looking statements.
Cloudflare, the Cloudflare logo, and other Cloudflare marks are
trademarks and / or registered trademarks of Cloudflare, Inc. in
the U.S. and other jurisdictions. All other marks and names
referenced herein may be trademarks of their respective owners.
Media Contact
Lisa Gordon
media@palantir.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/palantir-announces-strategic-partnership-with-cloudflare-focused-on-cloud-cost-optimization-301717292.html
SOURCE PALANTIR TECHNOLOGIES INC.