Palantir expands partnership with Lumen Technologies, deal worth reported $200M

[Palantir Technologies]
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Palantir (NASDAQ:PLTR [https://seekingalpha.com/symbol/PLTR]) announced on Thursday that it has expanded its partnership with Lumen Technologies (NYSE:LUMN [https://seekingalpha.com/symbol/LUMN]) in an effort to bring artificial intelligence to the enterprise.

Announced as a “multi-year, multi-million-dollar strategic partnership,” the two companies will help enterprises across every industry deploy AI faster and more securely in complex, multi-cloud environments by bringing together Palantir’s Foundry and Artificial Intelligence Platform and Lumen's next-generation digital networking tool, Lumen Connectivity Fabric.

Terms of the deal were not disclosed, but Bloomberg reported [https://www.bloomberg.com/news/articles/2025-10-23/palantir-inks-more-than-200-million-deal-with-lumen] the deal is worth $200M.

Palantir shares fell 0.7% in premarket trading, while Lumen rose 2.7%.

“Palantir frees data, while Lumen moves it. Together, we’re uniquely positioned to enable enterprises to unlock their AI ambitions with unprecedented scale and speed,” said Lumen CEO Kate Johnson in a statement [https://seekingalpha.com/pr/20277053-lumen-and-palantir-launch-strategic-partnership-to-unlock-the-next-wave-of-enterprise-ai]. “We share the same disruptive DNA—reimagining the foundations of our industries to help others do the same. By bringing AI into real-world operations through a connected ecosystem, we’re empowering businesses to reinvent how they operate, compete, and grow.”

“Our partnership with Lumen has reached new heights,” said Alex Karp, co-founder and CEO of Palantir Technologies. “American companies need to unlock immediate value from AI. We are proud to work with Lumen to enable the infrastructure and intelligence layers for our customers to become AI winners.”

The expansion of the partnership comes one month after Palantir and Lumen signed [https://seekingalpha.com/news/4492196-palantir-partners-with-lumen-expands-lear-corp-pact] a deal to bring Palantir's Foundry and Artificial Intelligence Platform to streamline its own operations.

_(This story has been updated to include added commentary and details about the deal.)_

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