Daily Research News Online

The global MR industry's daily paper since 2000

Huge Funding Injection for Big Data Firm Palantir

January 4 2016

US big data firm Palantir, whose clients include government agencies such as the CIA and FBI, has raised a whopping $880m in funding, in a round which values it at around $20bn.

Huge Funding Injection for Big Data Firm PalantirThe latest round included Morgan Stanley and San Francisco Sentry, according to a regulatory filing in December. According to reports, the round makes Palantir the fourth most valuable pre-IPO firm after Airbnb, Uber and Xiaomi. Although it is known as a supplier to government, Palantir's annual revenue of $1bn plus comes from both private and public sectors, with the former providing the majority - healthcare, insurance and finance are key markets.

The firm was founded in 2004, has now raised a total of $2.32bn in total and is said not to favour an IPO in the near future. Its acquisitions include New York-based social media polling start-up Poptip, just under eighteen months ago.

Based in Palo Alto, CA and with more than 2,000 employees, the company is online at www.palantir.com .

All articles 2006-20 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.

Select a region below...
View all recent news
for UK
UK
USA
View all recent news
for USA
View all recent news
for Asia
Asia
Australia
View all recent news
for Australia

REGISTER FOR NEWS EMAILS

To receive (free) news headlines by email, please register online