Palantir Technologies raises $196.5M in new funding
- Christine Hall, Contributor
Palantir Technologies Inc. filed papers Friday
showing a a new funding round of $196.5 million.
The Palo Alto-based Big Data
analysis startup led by Alexander Karp didn't
disclose where the money came from in the Securities and Exchange Commission filing. It said
there were 15 investors involved.
Palantir has filed
other SEC documents over the past four years that show it previously raised
some $300 million, according to Silicon Valley Business Journal research,
including the backing of PayPal co-founder Peter Thiel and U.S.
intelligence venture funding arm In-Q-Tel.
Its valuation has been estimated to be as high as $8 billion.
Palantir was started in 2004 by
Karp, Joe Lonsdale, Stephen Cohen and Nathan Gettings. Its
technology was focused then on fighting fraud during online payments.
It has since recruited a number of top young engineers from nearby Stanford
University. It evolved into a Big Data software company that tackles huge
amounts of data and makes it easier to understand and get insights from.
When Osama Bin Laden was killed,
it was rumored that Palantir's technology helped the black ops mission.
Click here to see
the SEC filing by Palantir.
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