Palantir Valuation Soars To $20 Billion

The 1/3 most respected startup in the united states will not be who you could possibly expect. It’s Palantir, a secretive information processing agency whose clients range from the CIA and NSA to the arena’s wealthiest banks and hedge money. On Tuesday, Palantir printed a valuation of $20 billion as part of a new round of funding.

in step with BuzzFeed information, which broke information of the valuation, the corporate is at present elevating as much as $500 million in new capital from buyers. the big-data agency—first funded by means of the CIA and other intelligence company traders to build customized diagnosis instruments—has greater than $215 million in identified contracts with govt businesses sewn up, along with clients at a couple of Fortune 500 firms. the company now ranks in the back of handiest Uber and Airbnb in relation to valuation.

Palantir has grown its intelligence company roots into what appears to be a particularly successful revenue adaptation from the outside. For what it’s value, the company also has that rarest of assets in Silicon Valley—certain Glassdoor critiques.

[by way of BuzzFeed information]