Palantir Raises $125 Million in New Funding

The big data company has raised more than $1.5 billion in financing.
Photographer: Scott Eells/Bloomberg

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.

Palantir said in an Oct. 21 filing that it had raised $555 million. The additional $125 million was added to the same round. Palantir didn't immediately respond to a request for comment.

Fundraising talks earlier this year valued the company at $20 billion, people with knowledge of the matter said in June. Palantir had more than $1 billion in bookings in 2014, one of the people said. The closely held company has raised more than $1.5 billion in capital, according to research firm CB Insights.

—With Lizette Chapman

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