COMPREDICT announces a partnership with Palantir Technologies Inc. (NYSE:PLTR), a leading builder of operating systems for the modern enterprise.
- COMPREDICT will use Palantir’s Foundry software to provide Virtual Sensors and other services to partners around the world. The goal is to fulfill the need for better cloud-based solutions for connected vehicles.
- COMPREDICT is one of the world’s leading software start-ups within the automotive and mobility space. Offering data-driven Virtual Sensors, COMPREDICT software is built to replace hardware sensors across automotive applications.
Darmstadt, Germany – February 23, 2023
COMPREDICT, a startup specializing in AI-enabled software solutions for predictive maintenance, vehicle health and usage monitoring, today announced a partnership with Palantir Technologies Inc. (NYSE:PLTR), a leading builder of operating systems for the modern enterprise. COMPREDICT will use Palantir’s Foundry software to provide Virtual Sensors and other services to partners around the world. The goal is to fulfil the need for better cloud-based solutions for connected vehicles.
COMPREDICT is one of the world’s leading software start-ups within the automotive and mobility space. Offering data-driven Virtual Sensors, COMPREDICT software is built to replace hardware sensors across automotive applications.
These virtual sensors form the foundations of the software-based vehicles of the future. They help to minimize CO2 in various application areas, add new measurement capabilities to existing and new vehicles, provide health and usage monitoring, and even pave the way for predictive maintenance management. All this culminates in a swathe of customer benefits: reduced warranty costs, increased speed for vehicle maintenance, and a more sustainable delivery of data-driven services for mobility. Palantir Foundry was designed to help organizations integrate disparate data sources and make the best possible use of their data. COMPREDICT will now use Palantir Foundry to provide its Virtual Sensors and deliver other benefit-led services around the globe.
Dr. Stéphane Foulard, COMPREDICT’s CEO and Co-Founder said:
The Palantir and COMPREDICT partnership is of great value for our automotive partners and offers our catalogue of virtual sensors to help OEMs reduce their hardware bill and enable more capabilities to monetize on data right from the start by delivering our technology on Palantir’s platform. I am pleased to have Palantir partnering with us for addressing not only automotive but also other large data-driven industries such as rail, aerospace or heavy industries.”
Liam Mawe, Palantir’s Global Head of Automotive and Mobility said:
The range of use cases for Foundry across COMPREDICT emphasises the breadth of practical applications for our software in the automotive sector. We are proud to partner with COMPREDICT in its mission to lead the virtual sensor business segment, helping OEMs cut costs while making smarter, safer, and ultimately more sustainable decisions with their products.”
Valentin Menedetter, General Partner at Vektor Partners, a VC fund with a strong focus on data driven technology in the mobility space, which led COMPREDICT’s Series A financing round last year said:
We are excited about this partnership, as it proves the increasing importance and potential of leveraging data in the industry. We see a tremendous opportunity for our portfolio companies in the mobility space to scale as part of Palantir’s Foundry for Builders program.”
The partnership is part of Palantir’s long history and continued expansion within Automotive and Mobility, with clients ranging from leading Auto OEMs (Stellantis etc.), Auto Suppliers (Forvia etc.), Rentals (Hertz etc.), Dealers, Data vendors and startups in the industry. The Foundry for Builders program has allowed dozens of early and growth-stage companies to leverage the Foundry platform in fields ranging from health care, to B2B software, to the construction sector.
At COMPREDICT, we encourage sustainable mobility. Our mission is to transfer vehicle data into vehicle insights. We consider vehicle health & usage monitoring as an essential part of sustainable vehicle lifecycle to maximize utilization and minimize environmental footprint. Our Virtual Sensors’ technology provides insights for any type of vehicle, regardless of its development stage, either embedded or as a cloud solution. We aim at closing the loop between development, usage & service of vehicles for a brighter and safer future of mobility.
About Palantir Technologies
Palantir Technologies is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data. Additional information is available at https://www.palantir.com.
About Vektor Partners
At Vektor Partners we invest in the mobility revolution. The world of transportation is undergoing dramatic changes – we partner with company founders that lead these changes. From London, Palo Alto and Berlin, we are perfectly positioned to invest in a new generation of founders that will transform technology for the mobility sector in the 21st century.