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Data-Mining Software Biz Expects To Raise $100M

BIG DATA

December 6, 2013

The New York Times reports on a data-mining software company that, on Thursday, was expected to file a notice that it has raised $100 million, putting a $9 billion valuation on the company. Palantir Technologies, which started as a CIA-funded data-mining company, just three months ago raised $196 million on a $6 billion valuation. Its initial customer base had been U.S. defense and intelligence contractors, but it now generates 60 percent of its revenue from commercial sources. The money raised is expected to be used in corporate expansion. Palantir currently employs 1,200 individuals in the U.S., Australia, Britain and Singapore. The Privacy Advisor recently reported on the growth of Big Data privacy jobs. (Registration may be required to access this story.)
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