Palantir Raises Additional $70 Million
October 14, 2011
Palantir has raised $70 million in its latest round of Series F funding. It brings Palantir’s total funding to near $200 million. Read more at, “Palantir Technologies Raises $70 Million At $2.5 Billion Valuation.”
The article notes the detail of the capital raised:
While the company declined to reveal the valuation in the round, we’ve learned from sources that it is around $2.5 billion. Two unnamed New York-based hedge funds anchored the round, and multiple early investors and university endowments participated in the round . . . Palantir told us last year that revenues have at least doubled every year for the last three years. And in the company’s last round last year (in which it raised $90 million), its valuation was pegged at $735 million; so clearly the company has taken a big jump in value in the past year.
This is clearly a lot of money. We have to ask: Palantir, what’s with the burn rate?
Emily Rae Aldridge, October 15, 2011
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