Ripcord and Palantir Partner to Transform Paper Records into Actionable Intelligence

Ripcord announced a strategic partnership with Palantir that enables customers to transform information trapped in records into actionable insights and intelligence. By combining Ripcord's robotic digitization technology with Palantir's Artificial Intelligence Platform (AIP), organizations can seamlessly turn paper and digital documents into data that drives actionable insights, informs sharper decisions, and trains AI models.

This collaboration transforms dozens of industries, from energy to financial services, healthcare, industrials, and more, as well as finance, legal, and operations departments globally by unlocking insights trapped in paper documents. The partnership ensures government missions across civilian and defense agencies are equally served by this technology, using Palantir's platforms to significantly accelerate compliance and security requirements of Federal standards including FedRAMP and CMMC.

In the United States alone, there are over four trillion paper records growing at 20% annually, containing wealth of information that if digitized and analyzed can create significant business and societal impact. Yet over 95% remain undigitized, stored in static physical archives, rendered virtually useless because legacy digitization methods are highly manual, slow, and outdated, making them cost-prohibitive and impractical at scale.

Ripcord's digitization robots solve this problem by automating manual work of physically turning paper records into digital files and actionable data. Ripcord's proprietary AI-powered robots prepare, digitize, classify, and extract critical information from documents at scale, delivering unmatched speed, efficiency, and cost savings. Once digitized, data derived from documents can be seamlessly ingested into Palantir's AIP, unlocking deeper insights and enabling smarter decision-making.

Using this data in Palantir's AIP, government and business organizations can automate workflows, streamline compliance, and gain real-time insights from their most critical records. Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies stated, "Palantir is proud to partner with Ripcord to unlock vast quantities of data currently imprisoned in paper documents. By integrating Palantir's AIP with Ripcord's robotic digitization technology, we can empower organizations with an entire new layer of their own information to drive better decisions and more efficient operations for more consequential outcomes."

Sam Fahmy, CEO of Ripcord added, "There is a goldmine of data trapped in documents. Our partnership with Palantir will allow organizations to combine Ripcord's robotic digitization with Palantir's leading edge AIP to unlock the massive value inherent in their own records, leading to significant progress in business, government, and society." Ripcord will showcase this powerful combination at Palantir AIPCon 6, where customers can witness how their documents fuel real-time decision-making and intelligent operational impact.