Palantir Sucks in More Dinero
July 24, 2015
I am all for keeping the companies involved with law enforcement and intelligence entities out of the public eye. The hoo hah about Hacking Team is a grim reminder of what happened to Gamma Group and FinFisher when information about their services and products hit the “real” journalists’ radar.
I want to point you to “Confirmed. Palantir Raise a Huge $450 Million Investment.” The write up points out:
This [more cash investments] confirms a report last month that the company was raising up to $500 million at a valuation of $20 billion – making it the third most valuable “startup” on the Valley scene. (If you can call a 16-year-old company that reportedly generates millions in revenue a “startup.”)
Palantir is a unicorn wearing an invisibility saddle, tack, and saddle blanket. That’s okay with me. My observation is that Palantir has technology which is intended to prevent untoward acts. Are these untoward acts being prevented? I will let you answer that question.
I have no comment on whether the Palantir technology works. Even court documents related to Palantir’s dust up with i2 Group Ltd (a former client of mine) are not public. Why would i2, the pioneer in Palantir’s software segment, get involved with legal eagles?
Perhaps someone will have an answer some day. For now, I will ignore the partially invisible unicorn. The company has plenty of stakeholders who are trying to figure out Palantir so my efforts are redundant.
Stephen E Arnold, July 24, 2015
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