Market reaction and deal outline
Shares of Innodata Inc (NASDAQ:INOD) rose 13.8% Thursday following an announcement that the company will supply training data and data engineering services to Palantir Technologies (NYSE:PLTR). The engagement is intended to support Palantir’s AI-enabled platforms with a specific focus on analysis of rodeo events.
Scope of work
Under the agreement, Innodata will perform specialized annotation and data engineering across thousands of hours of rodeo video footage. The annotated video will enable computer vision models to identify animals, riders and skeleton joints, producing automated performance metrics across multiple rodeo event types. In addition to video annotation, Innodata will provide multimodal data engineering and generative-AI workflow support for selected Palantir programs.
Operational integration and data modalities
The collaboration emphasizes handling complex data types. It will address video, imagery, documents and multimodal sensor data while adhering to the precision and security requirements Palantir’s customers expect. Innodata teams are set to work directly within Palantir’s development and deployment workflows, integrating data engineering tasks into Palantir’s operational processes.
Comments from executives
Dimitrios Lymperopoulos, Head of Machine Learning at Palantir, described the partnership in affirming terms: "Innodata’s high-quality training data and data engineering expertise can help us to scale these capabilities with the accuracy, rigor, and operational excellence our customers demand."
Vinay Malkani, Senior Vice President at Innodata Federal, said the arrangement "reinforces Innodata’s role as a trusted data engineering partner to the world’s leading AI companies."
Context and significance
The award highlights continued market interest in high-quality data engineering as enterprises and institutions increasingly place AI at the center of operations. The work described in the agreement is particularly relevant for applications that require rigorous accuracy and security, and that combine multiple data modalities for model training and deployment.
What the announcement does not specify
The public statement outlines the types of services and areas of focus but does not disclose contract value, duration, or detailed program timelines. It also does not specify which Palantir customers will benefit from the work or the exact Palantir platforms that will incorporate the annotated data and workflows.
This article focuses on the deal and market reaction as presented in the announcement and does not introduce information beyond what was disclosed in that statement.