Palantir raises $880 mn in new funding round

December 25, 2015
Alexander Karp, pictured July 7, 2015, heads data-analytics firm Palantir Technologies, which cemented its place among the riche
Alexander Karp, pictured July 7, 2015, heads data-analytics firm Palantir Technologies, which cemented its place among the richest startups in the US with an $880 million investment round December 24

Secretive software company Palantir Technologies raised nearly $880 million in a new funding round, according to a regulatory filing available on Thursday.

The investment round came with a valuation of approximately $20 billion, according to US media reports.

The California company specializes in data analysis and counts among early investors an In-Q-Tel that focuses on "innovative technology solutions to support the missions of the Central Intelligence Agency and broader US Intelligence Community."

The privately held firm's services are used for financial fraud investigations as well as in counterterrorism efforts.

A form filed with the Securities and Exchange Commission indicated the funding round was launched in July but did not disclose the identities of the eight investors taking part.

The amount of money raised was reported to be $879,829 million.

Palantir, based in the Silicon Valley city of Palo Alto, did not respond to an AFP request for comment.

The reported valuation puts Palantir behind only ride-sharing firm Uber and lodging service Airbnb in the herd of 'unicorn" privately-funded startups valued at more than a billion dollars based on investment rounds.

Explore further: Secretive data firm Palantir raises $679 mln

Related Stories

Secretive data firm Palantir raises $679 mln

December 10, 2015

Palantir Technologies, the secretive data firm that works with military and law enforcement, has raised $679 million in funding, confirming its status as one of the richest tech startups.

Square bucks Unicorn trend with IPO plan

October 16, 2015

By galloping to a life as a publicly traded company, mobile payments star Square is bucking a Silicon Valley trend of startups riding along on outlandish private valuations.

'On-demand' startups see surge in venture capital

May 14, 2015

Startups in the "on-demand" sector—such as Uber and Instacart, which offer speedy services on a smartphone app—are seeing an unprecedented surge in venture capital, a new report showed Thursday.

Recommended for you

Cryptocurrency rivals snap at Bitcoin's heels

January 14, 2018

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Top takeaways from Consumers Electronics Show

January 13, 2018

The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world.

Finnish firm detects new Intel security flaw

January 12, 2018

A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said on Friday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.