Business

Secretive Big Data Firm Palantir Raises $20M in Recent Funding Run: Report

By | Nov 27, 2016 04:13 AM EST
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Palantir

New reports revealed that big data company Palantir has quietly raised $20 million in a recent funding run. (Photo : YouTube)

New reports revealed that big data company Palantir has quietly raised $20 million in a recent funding run. The secretive company is known for its analytics, data management, and data security technology, which are employed be several government, financial, and health care institutions.

The recent funding run is not exactly a massive one given Palantir's track record. The company closed its December 2015 funding after amassing $880 million in investments, according to Yahoo.

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Based on the Nov. 23 Form D filing, the date of the first sale for the recent round of funding was Nov 8. Coincidentally, the new United States president Donald Trump was elected on the same day. According to Tech Crunch, Palantir co-founder Peter Thiel is a staunch support of the president-elect.

Based on the filing reports, Palantir received a $20 million funding from a single backer only. Details about the backer were not specified, and Palantir is yet to release a statement regarding its recent funding run.

Including the latest round of funding, Palantir has raised more than $2 billion to date. Notable investors of the company are 137 Ventures, Founders Fund, Artis Ventures, In-Q-Tel, Mithril Capital, Kortschak Investments, GSV Ventures, Sozo Venturez, and Ulu Ventures.

Palantir is not known for disclosing details about its business. However, leaked documents from the company have game the outside world a peek regarding its business dealings, investors, and internal operations.

A handful of leaks have also revealed Palantir's list of clients and the services the company provides for them. One leak also revealed an internal strife within the company's staff.

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