Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
American_Eagle_by_Theodore_Roszak,_US_Embassy,_London
United States flag and eagle (Photo: Wikimedia Commons/CGP Grey) - Credit: United States flag and eagle (Photo: Wikimedia Commons/CGP Grey)
Business
big data
Palantir Technologies
Silk
Friday, 12 August 2016 - 15:10
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Dutch big data firm bought by secretive U.S. intelligence firm

Dutch big-data startup Silk is being taken over by American company Palantir Technologies. How much is involved in the deal is unclear, Z24 reports. Silk's services will continue to exist, but the product will not be developed further. The 13 people working for Silk in Amsterdam will be taken over by Palantir. The Dutch startup was founded in 2009. It is one of many small businesses engaged in big data, striving to use new techniques to get new information from large amounts of data. With Silk you can structure information and make it searchable - similar to who Wikipedia pages can be linked to each other, according to Z24. What exactly Palantir does is unclear. The American company is valued at $20 billion. It makes software that analyzes large amounts of data such as phone numbers or bank details and then identifies relationships. The company's biggest clients are U.S. intelligence services CIA, NSA and FBI. Palantir was used in the search for Osama bin Laden and to catch stock market crook Bernard Madoff. It is not clear how exactly Palantir went about it. For Silk this was an unmissable opportunity, CEO Salar al Khafaji wrote on the company's site. "Wen we met the team at Palantir, we realized that we could work on more important data issues with a talented team."

Follow us:

Latest stories

  • Netherlands named 8th least corrupt nation in annual review, but issues remain
  • Dutch human rights institute critical of “disproportionate” arrest of climate protesters
  • Teens in custody for Hague snack bar owner's murder previously involved in stabbings
  • Dutch Eurovision singer Heddy Lester dies at age 72
  • Utrecht civil servants begin weeklong strike
  • Princess Beatrix, the former queen, celebrate her 85th birthday

Top stories

  • Dutch human rights institute critical of “disproportionate” arrest of climate protesters
  • Regions outside Randstad against limiting international students
  • Rutte, Macron and Biden not yet ready to give Ukraine F-16 jets
  • Housing construction at highest level in decade; Still 26% below gov't target
  • Threats prompt the Netherlands to close its Istanbul consulate to the public
  • Pro-Russian hackers Killnet behind Groningen hospital cyberattack

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content