Palantir Technologies Inc. PLTR announced that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS).

FedRAMP is a government-wide initiative designed to facilitate the adoption of secure cloud services across federal agencies by providing a standardized approach to security and risk assessments.

This authorization covers all of Palantir’s product offerings, including AIP, Apollo, Foundry, Gotham, FedStart and Mission Manager, and allows the company to offer these services to the U.S. government on the FedRAMP High baseline.

The authorization expands Palantir’s previous FedRAMP Moderate, DoD IL5 and IL6 authorizations and enables the U.S. government to process highly sensitive, unclassified workloads using Palantir’s cloud services.

“With the addition of the PFCS-SS FedRAMP High offering, Palantir is pleased to accelerate our collaboration with other technology partners – large and small, government or commercial – to enable the safe operation of their technology on behalf of USG missions,” said Akash Jain, CTO and President of Palantir USG.

The Company recently transferred the listing of its Class A common stock from the New York Stock Exchange to the Nasdaq Global Select Market.

Investors can invest in the stock through the following REX AI Equity Premium Income ETF AIPI And ProShares Big Data Refiners ETF DAT.

Price action: PLTR shares were up 4.88% at $69.63 at last check on Tuesday.

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