Percepta AI calls Palantir lawsuit attempt to stifle competition and destroy startup

Palantir is trying to 'destroy' Percepta through legal action, startup's execs say in filing

Alex Karp, CEO of Palantir, speaking on CNBC's Squawk Box on Nov. 4th, 2025. Executives of artificial intelligence startup Percepta AI, who were sued last year by Palantir for allegedly stealing confidential information and trying to poach top talent, called the claims an attempt to "stifle competition." "In truth, Palantir is looking to scare others away from leaving and to destroy Percepta before it can grow further," lawyers for the defendants wrote in a filing this week, asking a judge to deny Palantir's request. The defendants also claim that post-employment agreements are "facially overbroad and unenforceable" and say Palantir's interpretation is meant to "stifle competition." The lawsuit, originally filed by Palantir in October in the Southern District of New York, accused Percepta co-founder and CEO Hirsh Jain and co-founder Radha Jain of using stolen information to create a "copycat" business. Palantir also claimed the founders, who used to work for the data analytics company, attempted to poach talent and "plunder Palantir's valuable intellectual property." Palantir accused a third Percepta employee, Joanna Cohen, of sending herself confidential documents after resigning and photographing sensitive information she downloaded to her personal phone. Percepta in December denied using any of Palantir's confidential information and called the case "baseless." Attorneys said in Monday's filing that in-depth searches did not find any Palantir materials and argued that the screenshots taken by Cohen were done in "good faith" to help her complete tasks. They said the materials "would be useless to Percepta and are by now stale regardless."

AI Startup Percepta Slams Palantir's 'Baseless' Lawsuit, Calls It Bid To 'Destroy' Competition - Palantir Technologies (NASDAQ:PLTR)

The executives of Percepta AI, a startup in the artificial intelligence space, that was accused by Palantir Technologies Inc. (NASDAQ:PLTR) of stealing confidential information and attempting to poach top talent, have labeled these claims as an effort to "stifle competition" in a Monday filing. Percepta has denied these allegations, stating that it did not use any of Palantir's confidential information. The company's lawyers have also argued that the post-employment agreements are "facially overbroad and unenforceable" and that Palantir's claims are "baseless," reported CNBC. Palantir did not immediately respond to Benzinga's request for comment. The lawyers also stated that Palantir was looking to scare others away from leaving and to "destroy" Percepta before it could grow further. This legal battle between Palantir and Percepta has been ongoing since October 2025, when Palantir filed a lawsuit against two former employees, Radha Jain and Joanna Cohen, alleging that they stole confidential information to support the creation of "copycat" business, Percepta. Palantir Leads AI Growth Amid Competition This lawsuit comes amid the ongoing competition in the AI industry, which has seen Palantir emerge as a market leader despite geopolitical tensions and tech bubble concerns. Palantir's recent gains were fueled by strong business performance rather than speculation, with its AI Platform (AIP) driving revenue growth of 62.8% year-over-year in Q3, according to I/O Fund analyst Beth Kindig. The Alex Karp-led company has been experiencing a surge in stock price due to strategic expansions and the launch of a new operating system designed to address energy bottlenecks in AI innovation. Benzinga's Edge Rankings place Palantir in the 92nd percentile for growth and the 95th percentile for momentum, reflecting its strong performance in both areas. Check the detailed report here. Price Action: Over the past year, Palantir stock climbed 171.52%, as per data from Benzinga Pro. On Tuesday, it fell 0.25% to close at $178.96. Image via Shutterstock Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. PLTRPalantir Technologies Inc$177.65-0.73%OverviewMarket News and Data brought to you by Benzinga APIs