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Last updated: January 02, 2020
Palantir builds software that connects data, technologies, humans and environments. Organizations have data. Lots of it. Structured data like log files, spreadsheets, and tables. Unstructured data like emails, documents, images, and videos. This data is typically stored in disconnected systems, where it is rapidly diversifying in type, exponentially increasing in volume, and becoming more difficult to use every day.
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Latest news about Palantir
2014. Business analytics provider Palantir raises $50 Million
Palantir, the big data company, has raised another $50 million. Even at $9 billion, Palantir was already among Silicon Valley’s most valuable private technology companies, some of which have seen massive bumps in valuations recently. Palantir, co-founded by entrepreneur Peter Thiel in 2004, got its start selling its software, which looks for patterns across broad data sets, to government agencies like the CIA and NSA. The company expects to end the year with over $1 billion in revenue and is working to expand its customer base. It is selling data analysis technology to Wall Street firms that want to detect fraud and to pharmaceutical companies looking to expedite the development of new drugs. Hershey HSY -1.06% has been using Palantir’s tools to find correlations between weather patterns and consumer behavior.