Tag Archives: Palantir Technologies

Palantir goes mainstream


Investors have always been eager to invest in Palantir Technologies, the secretive data analytics company known for its intelligence work for the NSA, CIA, FBI and the U.S. Army. After landing a $500 million investment last year, the company recently raised $450 million (out of a $500 million funding round), at a valuation of $20 billion. Once completed, Palantir will be ranked as the fourth most valuable venture-backed company in the world behind Xiaomi, Uber and Airbnb. So why are investors bullish on mysterious Palantir? From trying to save the world, Palantir is now trying to make more money by diversifying its business. Initially known for locating terrorists, tracking disease outbreaks, and preventing fraud, Palantir has been busy lately engaging with private companies and has closed deals with financial institutions, healthcare companies, and media corporations, among others. According to reports, about 70% of its business now come from the private sector. Although talks of an impending IPO are rife, Palantir CEO Alexander Karp has squashed the IPO rumours by announcing that it has no plans to go public.

Palantir adds retail to its analytics platform


From helping solve national issues like cybercrime, terrorism and human trafficking, Palantir Technologies, the company known for its sophisticated data analytics software, is now singing a different tune. The company has recently acquired FancyThat, a tech startup that has a platform that can help retailers sell goods and communicate with their customers through omnichannel strategies across physical stores, online, mobile and other platforms. The purchase added retail and shopping data to Palantir’s growing analytics platform. Data analytics in retail can provide insights on customer behavior, online shopping transactions and upcoming trends. The information can help retailers strategise their future marketing campaigns and market more effectively to targeted customers. FancyThat is Palantir’s second acquisition in the field of marketing and sales after buying Poptip, a startup that helps companies conduct social media surveys and analyze online conversations.

You can read about the acquisition here.

Weekly Featured Company: Palantir Technologies

FoundedHeadquartersSectorEmployeesRevenueTotal InvestmentRecent Investment
2004Palo Alto, CaliforniaSoftware & Services1,500$500m$950mUndisclosed
Software for saving the world

For Alex Karp, a big fan of “The Lord of the Rings” and CEO of Palantir Technologies, the world is the Shire and he and his team exist to save it. Palantir Technologies, Inc. is a software and services company specializing in data mining and analysis. What makes Palantir noteworthy is it has become the go-to company for data mining for intelligence and law enforcement purposes. Palantir has a team of engineers who will sift through their client’s massive amounts of data and transform it into an understandable structure that may help shed light upon big-scale criminal activities such as drug trafficking, human trafficking, fraud and terrorism. Among those using Palantir to connect the dots are the CIA, the NSA, the FBI, the US Marines, along with corporate customers like the Bank of America, JP Morgan & Chase, and Rupert Murdoch’s News Corp. Their software was also used by Bridgewater Associates and Hershey’s to help in investment decisions and increase profits. Valued at $9 billion, Palantir Technologies is one of the most valuable tech companies in the world.

Top 20 Investments for December 2013

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$1,530,000,000SupercellSoftBank, GungHoGamesInvestment
2$1,260,000,000BrightstarSoftBankSoftware & ServicesInvestment
3$1,000,000,000BlackberryConsortiumHardware & InfrastructureInvestment
4$810,000,000BeidouChinaHardware & InfrastructureInvestment
5$700,000,000360BuyOntario Teachers’ Retirement Fund, Kingdom HoldingsEcommerceInvestment
6$586,000,000Sina WeiboAlibabaMediaInvestment
9$324,000,000The 41st ParameterExperianSoftware & ServicesInvestment
11$258,000,000UberGoogle Ventures, TPGMobile & AppsInvestment
12$250,000,000SpotifyTechnology Crossover VenturesSoftware & ServicesInvestment
17$200,000,000AirWatchInsight Venture PartnersMobile & AppsInvestment
19$200,000,000AirbnbFounders FundTransactionsInvestment
20$196,500,000Palantir TechnologiesUndisclosedSoftware & ServicesInvestment

More information

  1. Supercell Receives $1.53BN Investment (FinSMEs)
  2. Brightstar Receives $1.26BN Investment from SoftBank (FinSMEs)
  3. Here’s the full list of companies that invested $1 billion into BlackBerry, plus interim CEO has a base salary of $1 million (Mobile Syrup)
  4. China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS (Techcrunch)
  5. China’s 360Buy Unwraps Massive New Funding Round of $700 Million (Tech In Asia)
  6. Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba (Techcrunch)
  7. SurveyMonkey Raises $800M in Debt and Equity Financing (FinSMEs)
  8. Sogou Secured $448 million Investment from Tencent, will Merge Soso (Technode)
  9. Experian to buy 41st Parameter in $324m deal (The Financial Times)
  10. Q&A Platform Answers.com Raises More Cash, Buys Customer Experience Analytics Company ForeSee For Over $200M (TechCrunch)
  11. Uber Confirms That It Raised $258M From Google Ventures And TPG (Techcrunch)
  12. Technology Crossover Ventures Funds All Of Spotify’s $250M International Growth Round (TechCrunch)
  13. UK’s Tesco Starts ‘Close Cooperation’ With Samwers’ Rocket Internet, Leads $250M Round In Lazada (TechCrunch)
  14. Pinterest Does Another Massive Funding — $225 Million at $3.8 Billion Valuation (Confirmed) (All Things D)
  15. Alibaba leads $206M financing in Amazon rival ShopRunner (CNET)
  16. Pinterest Raises $200M in Funding (FinSMEs)
  17. AirWatch Raises $200 Million In Series A (Pulse 2)
  18. India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors (Techcrunch)
  19. Airbnb’s Nate Blecharczyk Confirms It Raised A $200M Round Led By Founders Fund (TechCrunch)
  20. Palantir Technologies Raises $196.5M in Funding (FinSMEs)