Palantir and 2014 Funding
January 5, 2015
I read an article that confused me. Navigate to “Palantir Secures First $60M Chunk of Projected $400M Round as Market Asks, “Who?”
This sentence suggests that Palantir wants to go public. What do you think?
But although it would clearly find no trouble catching the market’s attention, the company is in rush to take on the pressure of public trading The secretive nature of its clientele and an apparent desire to prioritize long-term strategy over short-term returns are the primary considerations behind that approach, but what facilitates it is the ease with which Palantir has managed to draw private investors so far.
I wonder if this article means “no” rush. I wonder if this article is software generated.
Here’s another interesting passage:
The document [cited by Techcrunch?] doesn’t specify the source of the capital or what Palantir intends to spend it on, but based on the claim in NYT report that it wasn’t profitable as of May, the money will probably go primarily toward fueling operations. The paper also noted that most of the estimated billion dollars that the company raked in this year came from private sector customers, which provides a hint as to the areas where the funding will be invested, namely the development of its enterprise-oriented Gotham offering.
I have my own views about Palantir which are summarized in the forthcoming CyberOSINT: Next Generation Information Access monograph. (If you want to order a copy, write benkent2020 at yahoo dot com. The book is available to law enforcement, security, and intelligence professionals.)
The statement “isn’t profitable” is fascinating if true.
Stephen E Arnold, January 5, 2015
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