By Denny Jacob

Palantir Technologies Inc. on Tuesday said it expanded a partnership with South Korea's Hyundai Heavy Industries Group by bringing Palantir Foundry to additional companies within the conglomerate.

The data-mining company said Korea Shipbuilding & Offshore Engineering's subsidiaries, Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries, and Hyundai Mipo Dockyard, will use the Foundry operating system to make data-driven decisions focused especially on safety and operating efficiency.

The expanded partnership builds on a January agreement to use Foundry. Palantir said Foundry is used by Hyundai Oilbank and Hyundai Doosan Infracore.

Palantir said the expansion is valued at $20 million over five years, bringing the contracts' total value to $45 million over five years.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

September 20, 2022 17:39 ET (21:39 GMT)

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