Palantir Stock Rises on Investing.com’s High FedRAMP Authorization

On Tuesday, Palantir Technologies Inc . (NASDAQ:) saw its stock value rise 5% after announcing that the company received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS). This significant approval enables the company to offer the U.S. government its full suite of products and programs at the FedRAMP High base level, designed for the most sensitive, unclassified workloads.

FedRAMP, the Federal Risk and Authorization Management Program, is a key standard for cloud services used by the federal government, ensuring a consistent approach to security and risk assessment. Palantir’s latest achievement builds on its existing authorizations, which include FedRAMP Moderate and Department of Defense Impact Levels 5 and 6 (DoD IL5 and IL6), further solidifying its position as a trusted provider of secure cloud services.

Palantir Chief Technology Officer and President of Palantir USG, Akash Jain, expressed pride in achieving the FedRAMP High milestone for the company’s entire product range, including AIP, Apollo, Foundry, Gotham, FedStart and Mission Manager. Jain highlighted the potential for accelerated collaboration with technology partners to support U.S. government missions and highlighted Palantir’s commitment to maintaining the highest security standards.

The PFCS is a cloud-hosted offering tailored to deliver Palantir’s software as a cloud service to federal government customers, streamlining the procurement process and enabling rapid deployment for complex challenges. Similarly, the PFCS-SS provides a secure cloud service environment for commercial software on the FedRAMP High baseline, leveraging PFCS’s infrastructure and management services.

Palantir shares have seen remarkable growth of over 300% year to date, with a 65% increase in the last month alone, reflecting the company’s strong performance and investor confidence.

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