Palantir Raises More Money
January 6, 2015
Sometimes it seems like Palantir is constantly enticing investors. Forbes reports, “Palantir Aiming to Raise $400 Million in New Round.” Writer Ryan Mac tells us that, according to Securities and Exchange Commission documents, a planned round of additional funding could rake in that sum if all shares sell. Mac continues:
“If the round is completed in full, Palantir’s total funding could swell to about $1.2 billion. It’s currently unclear what the company would be valued at if it were to raise the $400 million round….
“Palantir previously raised about $450 million at about a $9 billion valuation in a round that began in December of last year. That round finally closed in September, after the company continued to add additional shares and investors.
“Even at $9 billion, Palantir was already among Silicon Valley’s most valuable private technology companies, some of which have seen massive bumps in valuations recently.”
Current Panantir investors include In-Q-Tel and Tiger Global Management, and co-founder Peter Thiel remains its largest shareholder. It seems unlikely that the growing company will go public any time soon; last year, CEO Alex Karp noted that Palantir’s existing relationships with government agencies and global corporations make the company ill-suited for IPO status.
Palantir’s massive-scale data platforms allow even the largest organizations to integrate, manage, and secure all sorts of data. Its founding members include PayPal alumni and Stanford computer science grads. The company is based in Palo Alto, California, and has offices around the world. It should come as no surprise that they are currently hiring.
Cynthia Murrell, January 06, 2015
Sponsored by ArnoldIT.com, developer of Augmentext
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