Palantir leaders said the US technology company has clinched a large deal to sell more software to HD Hyundai, ramping up its heavy-industry work in South Korea. The agreement is worth hundreds of millions of dollars to Palantir over several years, a person familiar with the matter told Reuters on Tuesday. Palantir declined to comment on the terms of the deal.
The companies planned a signing ceremony at the office space Palantir has set up for the World Economic Forum’s annual meeting this week in the Swiss resort of Davos. The deal marks an expansion of work Palantir began in 2021 with HD Hyundai, one of the world’s largest shipbuilders.