Data Analysis Firm Palantir Technologies Discloses $129M In New Funding
Palantir Technology, the data analytics firm whose clients include the U.S. government, has raised $129 million in new funding. Based in Palo Alto, the company provides tools for a wide variety of use cases, including cyber security, crisis response, and military intelligence. Palantir software was reportedly used to track down Osama Bin Laden.
Palantir’s latest funding, which was disclosed in a Dec. 9 Securities and Exchange Commission filing, is part of a round that now totals almost $680 million. About $555 million of that was previously revealed in another SEC filing and put Palantir at a $20 billion valuation.
It’s difficult to pinpoint exactly how many rounds of funding Palantir has raised so far, but CrunchBase puts it at 16, with investors including Founders Fund (whose partners include Peter Thiel, a Palantir co-founder) and In-Q-Tel, a non-profit venture capital firm that invests in technology companies whose products can help the Central Intelligence Agency.
Palantir keeps a low-profile and doesn’t divulge a lot of information about clients, but according to a document obtained by TechCrunch earlier this year, it works with government organizations, finance companies, and legal research firms that need a way to quickly analyze massive troves of data and get results in natural language or straightforward visualizations.
Its customers have included the Securities Investment Protection Corporation, which used Palantir software to find evidence that resulted in Bernie Madoff’s conviction, the Los Angeles Police Department, and the Joint IED Defeat Organization.
TechCrunch has contacted Palantir for more information about its latest funding.
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