Palantir Technologies: Keeping Momentum, Job One
November 29, 2018
Hop in your time machine and think back about five years. While it feels like the olden days of horse-drawn carriages already, it was a golden age for big data analytics startups. Tops on that list for many was Palantir. Thought, today things are much different, as we discovered in a recent Cheddar video, “Why Palantir’s Valuation is Withering Away.”
According to the article:
“Not long ago Palantir Technologies was valued at $20 billion and one of Silicon Valley’s brightest tech companies. Today, the big data analytics company’s worth has been slashed to $6 billion by Morgan Stanley as it heads towards an IPO.”
Perhaps part of the lag draws from Palantir’s secrecy, considering it works for organizations like the CIA and others.
However, stakeholders and employees still have big dreams like many other Silicon Valley shop: They want to go public.
A drop in valuation and concern over whether they can ever turn a profit is starting to seriously tarnish this once golden child of the tech industry.
Beyond Search does not want to draw parallels with Autonomy or other search centric firms. Some of these outfits found that the momentum of selling sizzle was difficult to maintain in a room with open windows.
Worth watching how this financial drama plays out as Amazon gears up to become the go to provider of policeware and possibly business intelligence services.
Patrick Roland, November 29, 2018
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