Palantir Is a Fund-Raising Leader
November 7, 2014
We have been following the progress of content processing firm Palantir, a business that seems to have both a strong vision and robust follow-through. Now, the Silicon Valley Business Journal highlights Palantir’s fundraising chops in, “Q3 VC Update: Who Did the Most Deals, Got the Most Money in Silicon Valley.” Their senior tech reporter Cromwell Schubarth gives a funding rundown from the quarter that spans July through August of this year; he reports:
“Palo Alto-based Palantir Technologies, the $9 billion Big Data analytics company that counts U.S. government intelligence agencies among its backers, had the Bay Area’s biggest funding round in the quarter. It raised $337 million in the quarter, according to CB Insights.
“CB Insights reported on Tuesday that venture dollars raised in the third quarter in the U.S. dropped 30 percent from the post-dotcom high they hit in the second quarter, and the number of deals done declined by 10 percent.”
So, Palantir excelled despite a downturn that quarter. The article goes on to list more details about each entry in their list (see the piece for the four runners-up), and this is what Schubarth says about Palantir:
“This Palo Alto-based Big Data analytics company is led by CEO Alex Karp and has raised about $1 billion since it launched in 2004. It is valued at about $9 billion and was co-founded by Karp, Peter Thiel, Joe Lonsdale and others. Its backers include Thiel’s Founders Fund and In-Q-Tel, the venture arm of U.S. intelligence agencies.”
Palantir’s founding members came from such promising pools as PayPal alumni and Stanford computer science grads. The firm is famous for serving government intelligence agencies, but maintains clients in a range of fields. Its massive-scale data platforms allow even the largest organizations to integrate, manage, and secure all sorts of data. The company is based in Palo Alto, California, but has offices around the world.
Cynthia Murrell, November 07, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
