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Why Did Palantir's CIO Choose Thrive Capital's New Venture?
Description
Jim Siders, former CIO of Palantir Technologies, has been appointed CEO of Shield Technology Partners, a new IT services company launched by Thrive Holdings with over $100 million in initial funding. Shield acquires and supports IT services companies, providing them with AI technology and engineering resources, and allows these companies to retain equity. Shield currently works with seven companies, expects over $100 million in revenue this year, and plans to expand its portfolio. Thrive Holdings, which also operates in the accounting sector, recently partnered with OpenAI, which has taken an ownership stake and will embed teams within its portfolio companies.
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