Palantir Technologies

Valuation $308B

About Palantir Technologies

Palantir Technologies is a software company that develops data analytics and data integration software solutions.
Headquarters Palantir Technologies, Denver
Founded 2003-05-01
Industry Analytics, Big Data, Enterprise Software, Fraud Detection, Software
Last Funding Type Post Ipo Equity
Valuation 308
Total Funding $3.03 billion dollars
IPO Status Public

Financial

Palantir Technologies reported a revenue growth of 21% year-over-year and achieved its sixth consecutive quarter of GAAP profitability with a GAAP EPS of $0.04 in Q1 2024. The company also experienced a surge in revenue growth driven by its AI initiatives, which helped it beat second-quarter earnings and led to a higher forecast. Despite these positive financial results, Palantir's stock experienced fluctuations, with some analysts expressing concerns about its valuation.

Palantir Technologies is focused on developing systems for data integration and analytics. Their research includes data asset sharing, enabling shared access to electronic data assets, and enforcing data security and compliance. They are also working on ontology-backed automatic chart creation, which involves creating filtered data using graphical methods. Additionally, Palantir is advancing in cybersecurity with systems for detecting potential cybersecurity events. These efforts highlight Palantir's commitment to enhancing data management, security, and visualization.

Funding Rounds 28
Number of Lead Investors 6
Total Funding Amount  $3.03 billion dollars
Number of Investors 60

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