Total amount raised
$3 Billion
Latest funding date
08/01/2023
Location
Palantir Technologies has navigated through 28 funding rounds, with its latest being a Post-IPO Equity round led by ARK Investment Management. The company has attracted a total of 63 investors, showcasing significant interest from the investment community.
Keep reading to explore the intricacies of Palantir Technologies' fundraising journey and the investors backing this data analytics and integration software platform.
What Is Palantir Technologies?
Palantir Technologies is a software company specializing in data analytics and data integration solutions. The company is headquartered in Denver, Colorado, and operates publicly under the ticker NASDAQ:PLTR.
Founded by a team of experts, Palantir has grown to employ between 1001-5000 people. The company has successfully raised significant funding over 28 rounds and has made notable investments and acquisitions in the tech industry.
How Much Funding Has Palantir Technologies Raised?
- Round Name: Series Unknown
- Amount Raised: USD 19,999,995
- Date: November 2016
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational scaling and strategic acquisitions.
- Round Name: Secondary Market
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series Unknown
- Date: October 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and market presence.
- Round Name: Secondary Market
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series Unknown
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Round Name: Secondary Market
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Private Equity
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational scaling and strategic acquisitions.
- Round Name: Corporate Round
- Amount Raised: USD 960,200,000
- Date: August 2020
- Lead Investors: Sompo Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and market presence.
- Round Name: Post-IPO Equity
- Amount Raised: USD 28,780,000
- Date: August 2021
- Lead Investors: ARK Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Round Name: Post-IPO Equity
- Amount Raised: USD 10,080,000
- Date: August 2023
- Lead Investors: ARK Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and market presence.
Total Amount Raised: USD 1,018,059,995. Current Valuation: Not publicly disclosed.
Key Investors
- ARK Investment Management
- Details: ARK Investment Management is a prominent investment firm known for its focus on disruptive innovation. They have participated in multiple Post-IPO Equity funding rounds for Palantir Technologies.
- Investment Focus Areas: Technology, healthcare, fintech
- Notable Investments: Tesla, Square, Roku
- Sompo Holdings
- Details: Sompo Holdings is a Japanese insurance company that has diversified into various sectors, including technology investments. They were a key investor in Palantir's Corporate Round in August 2020.
- Investment Focus Areas: Insurance, healthcare, technology
- Notable Investments: Not publicly disclosed
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They have been involved in multiple funding rounds for Palantir Technologies.
- Investment Focus Areas: Finance, technology, real estate
- Notable Investments: Uber, Spotify, WeWork
What's Next for Palantir Technologies?
Palantir Technologies stands at the cusp of significant opportunities, driven by its ability to secure high-profile clients like the NSA, FBI, and CIA. The company's strategic acquisitions, such as Poptip and Propeller, further bolster its capabilities and market reach. With an ongoing funding round that may total $400 million, Palantir is well-positioned to continue its growth trajectory.
Future fundraising opportunities appear promising, as the current round is priced higher than previous ones, indicating strong investor confidence. This trend aligns with the broader industry pattern of high valuations and substantial investments in the big data and analytics space. However, the pressure to deliver significant returns to investors remains a challenge, alongside potential market volatility.
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