Palantir Raises $125 Million in New Funding
The big data company has raised more than $1.5 billion in financing.
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Data-analysis company Palantir Technologies has raised $125 million in new funding, according to a filing with the U.S. Securities and Exchange Commission. The financing increased the size of the company's current funding round to about $680 million.
Palantir, a secretive company co-founded by investor Peter Thiel in 2004, builds software for searching through and analyzing reams of data. Banks, police departments, and intelligence agencies are among the Palo Alto, Calif., company's customers.