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October 6, 2011 11:38 pm GMT
Palantir Technologies has raised $70 million in Series F funding, we've confirmed with the company. This brings Palantir's total funding to nearly $200 million. While the company declined to reveal the valuation in the round, we've learned from sources that it is around $2.5 billion. Two unnamed New York-based hedge funds anchored the round, and multiple early investors and university endowments participated in the round. Founded in 2004 by former PayPal employees and Stanford computer scientists, Palantir offers a high-powered data analysis platform. Palantir Government and Palantir Finance both integrate, visualize, and analyze information in these sectors. The company analyzes a variety of data including structured, unstructured, relational, temporal, and geospatial content. The virtue of Palantir is that it accepts huge databases and allows users to slice and dice this information.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Nss3Cppyu14/
Palantir Technologies Raises $70 Million At $2.5 Billion Valuation
Palantir Technologies has raised $70 million in Series F funding, we've confirmed with the company. This brings Palantir's total funding to nearly $200 million. While the company declined to reveal the valuation in the round, we've learned from sources that it is around $2.5 billion. Two unnamed New York-based hedge funds anchored the round, and multiple early investors and university endowments participated in the round. Founded in 2004 by former PayPal employees and Stanford computer scientists, Palantir offers a high-powered data analysis platform. Palantir Government and Palantir Finance both integrate, visualize, and analyze information in these sectors. The company analyzes a variety of data including structured, unstructured, relational, temporal, and geospatial content. The virtue of Palantir is that it accepts huge databases and allows users to slice and dice this information.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Nss3Cppyu14/
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