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CIA big data analytics pays off for $20bn Palantir

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.

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Customers have included the Los Angeles Police Department, the Securities Investment Protection Corporation as well as organisations such as the CIA and FBI.

The company uses data-mining software that helps customers like government agencies to quickly visualise relationships among vast amounts of data.


This article is from the CBROnline archive: some formatting and images may not be present.