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Latest Round of Funding Values Palantir, the CIA's Favorite Startup, at $9 Billion

Go ahead and take a seat for this one.

Palantir Technologies, the software startup with deep ties to three-letter law enforcement agencies and Wall Street, has embarked on one of the most audacious funding rounds seen in Silicon Valley since, well, a couple of weeks ago. A source close to the company says it has raised $58 million during a funding round that’s expected to top $100 million. The Palo Alto (Calif.)-based company is seeking at least a $9 billion valuation.