Palantir Technologies has acquired Fancy That, a small two-year-old company located in Palo Alto, California.
The big-data company is focused on pricing and inventory management for apparel retailers, providing solutions across physical stores, websites, mobile apps, and other customer-facing outlets. “The decision to join Palantir was not made lightly, but ultimately it was clear that our goal of solving important problems in a data-driven way is deeply aligned with theirs,” said the founders in a blog post. “We are confident that we will be able to drive more value—in the retail industry and beyond—working in concert with the awesome team at Palantir.”
The founder team comprises Ayush Sood, Amrit Saxena, Catherine Lu, and Karanveer Mohan. Terms of the deal were not disclosed. Palantir has executed several acquihires recently including Poptip, specialized in social media data, Propeller, specialized in mobile apps.