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Palantir Acquires Data Visualization Startup Silk

By Enterprise Infrastructure Desk
5 min read
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Silk‘s co-founder and CEO, Salar al Khafaji, introduced right now that personal data analytics unicorn Palantir would be attaining the organization. The transaction appears to be an acqui-use, with members of the Silk workforce right becoming a member of Palantir in new roles. Founded in 2010, Silk allows data journalists, activists, NGOs and enterprises make data visualizations in the cloud with no the need to have for intricate software package and programming information. “Silk.co as a platform will continue to operate,” explained Khafaji in a web site article. “Nothing will modify to present-day Silks, and you can still build a new Silk for free of charge.” The Silk workforce noted that it was eager to changeover to get the job done on “even even larger and more significant data troubles,” signaling that the offer is most likely not indicative of any new purchaser pivot for Palantir. The $twenty billion Palantir produces data analytics methods for the U.S. federal government to help in counterterrorism, as effectively as a platform for the financial expert services industry to assistance fraud detection. Silk raised a few smaller incremental rounds of financing totaling $3.66 million from NEA and others amongst 2011 and 2013. As a final result of today’s introduced transaction, there won’t be everyone left to operate the Silk platform, amidst assurances that all Silk data will stay safe and proprietary. “Silk.co will operate ‘as is’ and we will not be equipped to give technological or purchaser assistance to new or present Silk accounts any lengthier, nor will we be executing any further improvement get the job done or introducing new functions to the hosted Silk.co product.” We have achieved out to both Khafaji and the Palantir workforce and will update this article with feedback when we get them.

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Silk‘s co-founder and CEO, Salar al Khafaji, introduced right now that personal data analytics unicorn Palantir would be attaining the organization. The transaction appears to be an acqui-use, with members of the Silk workforce right becoming a member of Palantir in new roles. Founded in 2010, Silk allows data journalists, activists, NGOs and enterprises make data visualizations in the cloud with no the need to have for intricate software package and programming information. “Silk.co as a platform will continue to operate,” explained Khafaji in a web site article. “Nothing will modify to present-day Silks, and you can still build a new Silk for free of charge.” The Silk workforce noted that it was eager to changeover to get the job done on “even even larger and more significant data troubles,” signaling that the offer is most likely not indicative of any new purchaser pivot for Palantir. The $twenty billion Palantir produces data analytics methods for the U.S. federal government to help in counterterrorism, as effectively as a platform for the financial expert services industry to assistance fraud detection. Silk raised a few smaller incremental rounds of financing totaling $3.66 million from NEA and others amongst 2011 and 2013. As a final result of today’s introduced transaction, there won’t be everyone left to operate the Silk platform, amidst assurances that all Silk data will stay safe and proprietary. “Silk.co will operate ‘as is’ and we will not be equipped to give technological or purchaser assistance to new or present Silk accounts any lengthier, nor will we be executing any further improvement get the job done or introducing new functions to the hosted Silk.co product.” We have achieved out to both Khafaji and the Palantir workforce and will update this article with feedback when we get them.

Silk‘s co-founder and CEO, Salar al Khafaji, introduced right now that personal data analytics unicorn Palantir would be attaining the organization.

The transaction appears to be an acqui-use, with members of the Silk workforce right becoming a member of Palantir in new roles. Founded in 2010, Silk allows data journalists, activists, NGOs and enterprises make data visualizations in the cloud with no the need to have for intricate software package and programming information.

“Silk.co as a platform will continue to operate,” explained Khafaji in a web site article. “Nothing will modify to present-day Silks, and you can still build a new Silk for free of charge.”

The Silk workforce noted that it was eager to changeover to get the job done on “even even larger and more significant data troubles,” signaling that the offer is most likely not indicative of any new purchaser pivot for Palantir. The $twenty billion Palantir produces data analytics methods for the U.S. federal government to help in counterterrorism, as effectively as a platform for the financial expert services industry to assistance fraud detection.

Silk raised a few smaller incremental rounds of financing totaling $3.66 million from NEA and others amongst 2011 and 2013.

As a final result of today’s introduced transaction, there won’t be everyone left to operate the Silk platform, amidst assurances that all Silk data will stay safe and proprietary.

“Silk.co will operate ‘as is’ and we will not be equipped to give technological or purchaser assistance to new or present Silk accounts any lengthier, nor will we be executing any further improvement get the job done or introducing new functions to the hosted Silk.co product.”

We have achieved out to both Khafaji and the Palantir workforce and will update this article with feedback when we get them.

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