McCarthy and Palantir Announce Strategic Partnership to Bring AI to the Construction Field and Beyond

McCarthy Building Companies Inc. (McCarthy), one of America's oldest privately held national construction companies, and Palantir Technologies Inc. (NASDAQ: PLTR), a global leader in artificial intelligence and data platforms, today announced a multi-year, multi-million-dollar strategic partnership to enhance AI and data-driven decision making across McCarthy's operations.

McCarthy will leverage Palantir's Artificial Intelligence Platform (AIP) to create a connected AI operating system that brings McCarthy's more than 160 years of construction expertise directly into workflows of its teams, from early design to field execution.

"We're incredibly excited about our partnership with Palantir and believe we've invested in the premier platform on the market," said Justin McFarland, Chief Digital Officer, McCarthy Holdings, Inc. "Beyond the ontology and technology itself, Palantir brings exceptional engineering talent and strategic thought leadership that has accelerated our ability to transform complex operational concepts into scalable solutions faster than we thought possible."

A central focus of the partnership is McCarthy's AI Operations Suite - Pulse, an AI-native system designed to support field teams with real-time insight, scenario planning, risk analysis and decision orchestration. Built on AIP, with McCarthy's deep construction expertise and workflows modeled in Palantir's Ontology, Pulse helps superintendents, project managers and field operators evaluate options, anticipate constraints and make faster decisions on active job sites.

"As a superintendent, this partnership allows me to focus on what matters most for our clients and project teams, rather than getting buried in emails, documents and data," said Dave Evans, McCarthy Senior Superintendent. "By cutting through the noise and identifying what is most critical, I can devote more attention to delivering exceptional results for our stakeholders."

The joint effort will support a range of use cases across McCarthy's diverse portfolio, extending beyond any single workflow to help build a unified construction operating system. Across field execution, estimating, contracts, bidding and buyout, QA/QC, logistics and equipment planning, McCarthy will use AIP to connect critical workflows through the same Ontology, so insights from one part of the business can compound value across the enterprise. McCarthy is also modeling its internal technology team around embedded engineers and building enterprise-grade software natively with its own internal applications team.

"McCarthy has built a reputation not only as one of the most respected names in construction, but as one of the most technologically ambitious," said Tristan Gruska, Palantir's Head of Energy and Infrastructure. "What makes this partnership so powerful is that McCarthy is not treating AI as a point solution, they are building an operating system for the way construction actually works, from design through site execution. With AIP in the hands of their frontline teams, we are seeing what is possible when a world-class builder uses AI to amplify its people and its tradecraft, and the results will help set the pace for the entire sector."

The partnership represents the commitment behind both companies to advance digital transformation in construction and address industry-wide challenges such as labor shortages and operational complexity.

About McCarthy Building Companies

McCarthy Building Companies, Inc. (McCarthy) is the oldest privately held national construction company in America. With more than 160 years spent collaborating with partners to solve complex building challenges on behalf of its clients, McCarthy is committed to delivering superior results and creating great experiences for everyone. McCarthy approaches every job with the mindset of a true builder. By self-performing critical scopes of work, McCarthy delivers accountability and consistency from start to finish. Through industry-leading design phase and construction techniques, combined with value-add technology, McCarthy drives smarter solutions and maximizes project outcomes. Repeatedly honored as a Best Place to Work and Healthiest Employer, McCarthy is ranked the 15th largest domestic builder (Engineering News-Record, May 2025). With over 8,000 salaried employees and craft professionals, the firm has offices in St. Louis; Atlanta; Collinsville, Ill.; Kansas City, Kan.; Omaha, Neb.; Phoenix; Chandler, Ariz.; Las Vegas; Denver; Austin, Channelview, Dallas, and Houston, Texas; and San Diego, Newport Beach, Los Angeles, San Francisco, San Jose and Sacramento, Calif. McCarthy is 100 percent employee owned. More information about the company is available online at www.mccarthy.com or by following the company on LinkedIn, Facebook, and Instagram.

About Palantir Technologies

Foundational software of tomorrow. Delivered today. Additional information is available at palantir.com.