Big data analytics company Palantir has been valued at around $20bn following a large boost in funding.

The company, which provides tools around areas such as cyber security, crisis response and military intelligence, raised $129 million in new funding.

This latest funding forms part of a round that has seen it raise close to $680 million. Investors have included Founders Fund and In-Q-Tel, which is a non-profit venture capital firm that focuses on investing in technology companies that help the Central Intelligence Agency.

Palantir, a 12 year-old company from Palo Alto, has clients such as the U.S. government and deals with other companies in finance and legal research.