Co -founder and CEO of Palantir Alex Karp
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A messy battle Brewing on the market for AI that assesses claims for health insurance policies.
Palantir Technologies has yielded Y Combinator-Stunder Startup Guardian AI and its Formation employees of his health care division-to-what the “brutal” trade secret theft called in the American district court for the southern district of New York.
Palantir, the $ 198 billion (market capitalization) Tech Kolos, claimed in the suit that founders Mayank Jain and Pranav Pillai, who had worked in Palantir from 2022 to 2024, Stal Launch Guardian Ai, that AI uses to help healthcare providers fight insurance, through denials YC’s Summer 2024 class.
“Pillai and Jain took on the work of Palantir and applied for a start -up incubator to commercialize these projects for their own financial gain – and did this while they were still working and worked on these projects in Palantir,” said the suit. Trade publication Law 360 Earlier covered The suit, which was submitted at the beginning of March.
“This is quite new and we are working with Palantir at the moment,” said Jain per e -mail when he reached his work account. (When he reached on a personal account that is mentioned as his on e -mail -on -search service, Jain wrote: “Please publish your article. Fuck U and Palantier,” [sic] And then answered again to say: “You have the wrong contact details in your details or contact a wrong guy.”
Health insurers are increasingly using AI to assess claims, with the insurance recognitions of UnitedHealthcare that cause a national conversation after the CEO was deadly shot last year. More recently, companies such as Claimable, which were launched last October, have been created and tools such as Fightealthinsurance.com have been created to use AI to push back against denials.
Although Palantir is best known for his defense work in Denver, it has a substantial division in health care. In an interview with Forbes In February before the lawsuit was submitted, Jeremy David, co-head of Palantir’s health care, said healthcare that represented around 15% of the company’s commercial activities. “Our focus is to find the most important workflows that are broken,” he said then.
“There is no confusion from the work of the defendants for anything other than a panty from Palantir.”
That division has created AI and data-driven software to help healthcare providers be paid for the services they offer. It uses AI to manage insurance reports, according to the lawsuit to reduce both depreciation for unpaid accounts and administrative work.
Former employees Pillai and Jain are said to have insured $ 500,000 from YC and then flew to San Francisco to record their new startup, only a few days after leaving Palantir, the company said. Palantir also claimed that the two were hitting within a few weeks of their resignation that they had used Guardian AI solution and saved customers more than $ 150,000. “There is no confusing defendants work for anything other than a panty of Palantir,” said the suit.
Palantir is looking for high compensation and lawyers for the alleged theft and said in the court case that it also intends to start arbitration against Jain and Pillai to claw back.
Palantir reported $ 2.9 billion turnover in 2024, An increase of 29% compared to the previous year and said that when the annual results reported that it expected the turnover of more than $ 3.7 billion for 2025. Co -founder and CEO Alex Karp is worth $ 8.2 billion by Forbes Estimates.
The healthcare department of the company grew according to the suit between 2020 and the first half of 2022. In August 2024, Palantir Chief Technology Officer Said Shyam Sankar in a post on X that the Palantir software managed 21% of the hospital beds in the US and called it ‘one of our fastest growing areas’.
Neither Palantir nor his lawyer at Skadden ARPs responded to e -mails who were commenting for the suit.
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