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Palantir Technologies Raised to $880 Million according to new round of investment

Palantir Technologies – Highflying big data company, founded in 2004, and has employees over 2000 worldwide. Earlier this month, Palantir Technologies has reported that Palantir raised $129 million in funding. The company’s main tag line is:

We believe in augmenting human intelligence, not replacing it.

By Peter Thiel, Alex Karp,  Joe Lonsdale, Stephen Cohen, and Nathan Gettings, the Palantir Technologies was founded in 2004. Basically it is secretive Silicon Valley company which makes software primarily used by U.S. Federal Bureau of Investigation (FBI) and the Central Intelligence Agency (CIA). Its co-founder and chairman, Peter Thiel thinks that it is going to be as big as Google and Facebook. CEO Alex Karp is a JD from Stanford and a PhD from Frankfurt University in social philosophy, who has also worked at PayPal. Palantir Technologies usually hires the top students out of Stanford University.

Palantir Technologies is mission driven company who aims to protect our fundamental rights to privacy and civil liberties. They are solving world’s hardest problems in manner of protecting individual liberty. It is known for two software projects which are Palantir Gotham and Palantir Metropolis.

  • Palantir Gotham is used to integrate, manage, secure, and analyze all of your enterprise data.

  • Palantir Metropolis is used to integrate, enrich, model, and analyze any kind of quantitative data.

Palantir Technologies reported $129 million of funding earlier this month. In January, the company was valued at $15 billion, and according to last new funding the company is valued at $20 billion. The company disclosed that in a round opened up last summer, it has sold just under $880 million worth of stock, where brokers Morgan Stanley and S F Sentry Securities shares $32 million in commissions.

The company’s data-mining software are widely used in government agencies such as the Central Intelligence Agency and the Federal Bureau of Investigation, to quickly get relationships among large amounts of data. Its technology shatters some critical information such as phone numbers, bank records, friend lists, photos of license plates and a wide variety of other information.

Reportedly Palantir technologies helped the U.S. government in order to track former al Qaeda leader Osama bin Laden. The company said that, “More recently, the company has taken on corporate clients in banking, oil and gas and retail. At least half of Palantir’s clients are commercial.” It has also has uncovered a China-based cyber espionage network that attacked NATO and Dalai Lama. Including North America, Europe, and Asia, Palantir Technologies’ offices are located in total 15 cities.

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