Palantir CIO Jim Siders Departs After 12 Years to Lead $100M AI-Focused IT Services Firm
Summary
Palantir's longtime CIO Jim Siders exits after 12 years to helm Shield Technology Partners, a $100M AI-focused IT services firm under Thrive Capital that acquires stakes in tech companies and accelerates their growth through advanced artificial intelligence capabilities.
Key Points
- Palantir CIO Jim Siders leaves his position after 12 years to become CEO of Shield Technology Partners, a new IT services business under Thrive Capital's Thrive Holdings subsidiary
- Shield Technology Partners buys ownership stakes in IT services companies and helps them grow by providing access to cutting-edge AI technology and engineering capabilities
- Shield currently works with seven companies and expects to generate over $100 million in revenue this year, with plans for ambitious expansion in upcoming quarters