Palantir's Valuation Jumps From $6 Billion To $9 Billion In Less Than Three Months -- Tech Spot
Palantir Technologies, a CIA-backed data analytics company, is now worth $9 billion. The valuation comes after the company on Thursday disclosed in a securities filing that it has raised around $58 million in the latest funding round. If the company achieves the expected $100 million mark in this round, its total backing and CEO Alex Karp's net worth would hit $800 million and $900 million respectively.
Palantir was founded in 2004 by Stanford computer scientists and PayPal alumni, and is headquartered in Palo Alto, California. It provides data organization and analysis tools to various public and commercial sector clients including CIA, FBI, JPMorgan Chase and more.
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Update #1: CIA-backed Palantir reportedly worth $9 billion, jumping 50 percent in two months -- The Verge
Update #2: Palantir - The $9 Bil CIA-Funded Co That Could Be Helping the NSA Spy on You -- BSN
My Comment: Storing data has always been big business .... i guess organizing it properly is even worth more money.
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