21 October 2017
Register now

Big data firm Palantir raises $450m

24 July 2015  |  5986 views  |  1 Big data

Palantir Technologies, a big data startup co-founded by Peter Thiel, has completed a massive $450 million funding round that values the company at $20 billion.

The information was revealed in a filing to the Securities and Exchanges Commission (SEC) in the US and continues the rapid rise of the company, increasing its value by a further $5 billion since its last round of fundraising in late 2014.

Palantir, which provides software for analysing big data, has won large contracts with US government agencies and completed a deal with the SEC in February 2014 worth more than $13 million to provide its software to help the US regulator identify fraudulent transactions and market manipulation.

Palantir's software is also used by a number of investment banks including Citi as well as both Thomson Reuters and Bloomberg and a number of quantitative trading hedge funds.

Although still referred to as a startup, Palantir was founded in 2004 by, among others, Peter Thiel, a co-founder of PayPal, using a concept that grew out of the software used by the online payment provider to detect fraudulent transactions.

Comments: (1)

Peter Lappo
Peter Lappo - SMR - | 19 August, 2015, 11:19

Palantir is hardly a startup

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Big data privacy startup Privitar attracts heavyweight investors

Big data privacy startup Privitar attracts heavyweight investors

14 July 2015  |  11276 views  |  0 comments | 17 tweets | 11 linkedin
Wall Street heavyweights join $130m funding round for big data firm Dataminr

Wall Street heavyweights join $130m funding round for big data firm Dataminr

17 March 2015  |  11032 views  |  0 comments | 6 tweets | 5 linkedin
North American banks disillusioned with big data analytics - Aite survey

North American banks disillusioned with big data analytics - Aite survey

09 January 2015  |  19669 views  |  1 comments | 18 tweets | 20 linkedin
CME venture fund finds value in big data

CME venture fund finds value in big data

10 October 2014  |  6846 views  |  0 comments | 5 tweets | 3 linkedin
Big Data firm Context Relevant secures funding; signs BofA and Goldman as clients

Big Data firm Context Relevant secures funding; signs BofA and Goldman as clients

26 September 2014  |  8604 views  |  0 comments | 4 tweets
Swift and DTCC score big data management mandates

Swift and DTCC score big data management mandates

12 July 2011  |  13003 views  |  0 comments

Related company news

 

Related company information

Bloomberg

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.comvisit www.innotribe.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8951 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8679 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7751 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7232 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6844 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job