Palantir Technologies raises $196.5 million
Palantir Technologies
By: REUTERS

AN FRANCISCO: Data-analytics company Palantir Technologies has raised $196.5 million, the company disclosed Friday in a regulatory filing.

 

The Palo Alto-based company, founded by former PayPal executives, builds analytics software for the armed forces, intelligence agencies, and financial-services companies.

 

The cash will be used for growth capital, a spokeswoman said.

 

Since its founding in 2004, it has raised almost $500 million.

 

Peter Thiel, a co-founder of both PayPal and Palantir, is an investor, as are fellow PayPal alumni Keith Rabois, Jeremy Stoppelman, and Ben Ling. They declined to comment on the investors in this latest round.

 

 

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