See, e.g. https://www.bloomberg.com/features/2018-palantir-peter-thiel...
"The company’s engineers and products don’t do any spying themselves; they’re more like a spy’s brain, collecting and analyzing information that’s fed in from the hands, eyes, nose, and ears."
It's named after omniscient crystal balls.
The CIA’s investment arm, In-Q-Tel, was a seed investor.
Do you truly believe they don't collect data?
My guesses would start with Booz Allen Hamilton (who has had two notable people on NSA contracts: Snowden and Harold Martin) for where the data collection tools come from.
Look at https://www.thenation.com/article/five-corporations-now-domi...
Five companies dominate USG intelligence contracting, and Palantir isn't on the list: Leidos, CACI, SAIC, Booz Allen, and CSRA. One or more of those companies do provide data collection tools to the government, I'm certain. They are boring companies that no one really cares about, and you would never click on a link about Leidos, so that's where it's happening.