Secretive data company Palantir is going public. Here's how the firm's name was inspired by the indestructible seeing stones in 'Lord of the Rings.'

  • Palantir, the data-mining company co-founded by Peter Thiel, was named after a mystical, all-powerful seeing stone in "Lord of the Rings."
  • One of the story's villains, the wizard Saruman, uses a palantir to surveil his enemies.
  • The stone's power and limitless knowledge corrupt Saruman and allow him to be manipulated, leading to his downfall.
  • The story's heroes are also tasked with escaping their enemies' line of sight via the palantir in order to complete their mission of ridding Middle Earth of the evil One Ring.
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Palantir, the secretive and controversial Silicon Valley data firm, is gearing up to go public in what could be one of the biggest IPOs in tech's history.

It was founded in 2003 by some of the "PayPal mafia," including now billionaire investor and Trump adviser Peter Thiel. He, along with the rest of the Valley's inner circle, harbors a deep-seated obsession with J.R.R. Tolkien's "Lord of the Rings" — so much so that Palantir's founders opted for a moniker inspired by a magical object in the fantastical universe.

The palantiri are a collection of indestructible crystal stones used in Tolkien's fictional Middle Earth as a means of "far-seeing" communication.

The wizard Saruman uses one of the all-powerful seeing stones to surveil his foes and is ultimately corrupted by the unbounded knowledge that it provides him. Sauron — the main villain in the books and the films — reaches Saruman through the palantir and manipulates him into doing his bidding.

Critic and leading Tolkien scholar Jane Chance Nitzsche wrote that Saruman uses the stone to "seek Godlike knowledge by gazing in a short-sighted way" into the palantir. By opting for "mere knowledge" instead of actual wisdom, the wizard eventually met his downfall.

In the movie, you might also remember Peregrin "Pippin" Took mischievously snatching a palantir while Gandalf and the others are asleep. He and the rest of the story's heroes continuously dodge their enemies' line of sight in order to complete their main quest: destroying the One Ring and ridding Middle Earth of such a source of evil.

Palantir, the tech firm, creates software that gives its customers a wide-ranging, searchable database to find what they're looking for. So naming the company after an object that provides a broad scope of sight might seem fitting.

But critics say that harnessing Palantir's tech as a surveillance tool, especially while partnering with such agencies as Immigration and Customs Enforcement, could be less than heroic. The company has provided ICE with data from the Department of Health and Human Services, which resulted in hundreds of immigrants being arrested. The company also works with law enforcement agencies.

Palantir isn't the only tech company connected to Thiel that bears a LOTR-inspired name and has drawn criticism.

He was an early investor in military-contracting startup Anduril, which was named after the magical sword in the series that was wielded by the trilogy's hero, Aragorn. The company, founded by Palmer Luckey in 2017, was recently awarded a contract with US Customs and Border Protection to build a virtual "wall" as a means to prevent illegal crossings into the US. The system will utilize surveillance towers to detect movement.

Fans of the beloved books have taken issue with companies that have names inspired by "Lord of the Rings" and work with border authorities like CBP.

"It's really not even close to the point, but between this and [Palantir], wtf is up with tech bros using Lord of the Rings names for their big data services for the military?" a Twitter user said last year. "Did I miss some pro-war/surveillance message in Tolkien's work?"

Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer’s shareholder committee. Axel Springer owns Insider Inc, Business Insider’s parent company.

Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer’s shareholder committee. Axel Springer owns Insider Inc, Business Insider’s parent company.

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