Benzinga | Jul 20, 2021 08:48AM EDT

Palantir Rolls Out Foundry For Builders

* Palantir Technologies Inc (NYSE:PLTR) launched Foundry for Builders to support early-stage companies by providing them with the Palantir Foundry platform.

* Here, Palantir will sell Foundry to start-ups under a subscription model, first to companies connected to Palantir alumni, before expanding the initiative to other early-stage companies.

* The first group of companies is start-ups in varied sectors, ranging from healthcare to robotics to software and fintech. The companies include Chapter, Hence AI, Adyton, and Gecko Robotics.

* Price action: PLTR shares traded higher by 1.67% at $21.90 in the premarket session on the last check Tuesday.