Palantir Needs and Gets More Investment Money
May 7, 2011
Palantir caught my attention when it became involved in a messy law suit that was settled out of court. There was another dust up, but I don’t want to drag that cat through the door. “SEC Watch: Palantir Technologies Raises $50 Million In New Funding” said:
According to an SEC filing, the company has just raised $50 million in new funding. This would bring Palantir’s total funding to $175 million.
That’s a great deal of dough. My view is that Palantir is making sales but having to work hard to deliver. Killer graphics are one thing. The system and method to make the data sing is expensive. What happens if the engineers hit a rough patch? I don’t want to think about that nor do the folks who are betting big bucks that Palantir will emerge a winner.
Stephen E Arnold, May 7, 2011
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