Faurecia Sees Opportunity in Palantir Technologies
Posted on 03/11/2021
Palantir Technologies Inc. (NYSE:PLTR) announced it has entered into a six-year strategic partnership with Faurecia, an automotive technology company, to accelerate its digital transformation and ambition to be CO2 neutral. Palantir Foundry was designed to help organizations integrate disparate data sources and make the best possible use of their data. Faurecia will use Palantir’s Foundry software to gain further insight into its data across the company, from manufacturing to purchasing, from engineering to finances.
Faurecia is listed on the Euronext Paris stock exchange. Faurecia was formed in 1998 by two automotive component suppliers, Bertrand Faure and ECIA.
In February 2021, Palantir Technologies announced a multi-million dollar expansion of its relationship with 3M. 3M has chosen to expand its use of Palantir’s Foundry platform.
