Total amount raised
$3 Billions
Latest funding date
08/01/2023
Location
Palantir Technologies has successfully raised significant funding through various rounds, with its latest being a Post-IPO Equity round closed on August 31, 2023. The company is backed by notable investors, including ARK Investment Management.
Keep reading to explore the intricacies of Palantir Technologies' fundraising journey and the investors supporting this data analytics and integration platform.
What Is Palantir Technologies?
Palantir Technologies, founded on May 9, 2003, is a prominent player in the software industry, specializing in data analytics and data integration solutions. The company is headquartered in Denver, Colorado, and employs between 1001-5000 people.
Founded by Alexander Karp, Joe Lonsdale, Nathan Gettings, Peter Thiel, and Stephen Cohen, Palantir develops platforms that help organizations integrate, visualize, and analyze large and complex data sets. Their software is widely used across various sectors, including government, defense, finance, and healthcare.
How Much Funding Has Palantir Technologies Raised?
- Round Name: Post-IPO Equity
- Amount Raised: $10.1M
- Date: August 31, 2023
- Lead Investors: ARK Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and market expansion.
- Round Name: Post-IPO Equity
- Amount Raised: $28.8M
- Date: August 13, 2021
- Lead Investors: ARK Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and expand market reach.
- Round Name: Corporate Round
- Amount Raised: $960.2M
- Date: August 14, 2020
- Lead Investors: Sompo Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and support strategic initiatives.
- Round Name: Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: August 7, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for expansion.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: June 30, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 31, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new product development and market expansion.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 1, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and development initiatives.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 1, 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Round Name: Venture Round
- Amount Raised: $20M
- Date: November 8, 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new initiatives and market expansion.
Palantir Technologies has raised a total of $1.0191 billion. The current valuation is not publicly disclosed.
Key Investors
- ARK Investment Management
- Details: ARK Investment Management is a prominent investment firm known for its focus on disruptive innovation. Founded by Cathie Wood, the firm has gained significant attention for its bold investment strategies.
- Investment Focus Areas: Technology, healthcare, fintech
- Notable Investments: Tesla, Square, Roku
- Sompo Holdings
- Details: Sompo Holdings is a leading insurance company based in Japan. It offers a wide range of insurance products and services, including property, casualty, and life insurance.
- Investment Focus Areas: Insurance, healthcare, technology
- Notable Investments: Palantir Technologies, One Concern, Slice Labs
What's Next for Palantir Technologies?
Palantir Technologies stands at the cusp of significant opportunities, driven by its established relationships with major government agencies and an expanding private-sector client base. The big data analytics field, where Palantir excels, is experiencing rapid growth, offering numerous applications across various industries. This growth potential is underscored by the company's ongoing funding round, which may total $400 million, reflecting substantial investor confidence.
Future fundraising opportunities appear promising, with expectations of higher valuations as Palantir continues to attract investor interest. However, the company may face challenges such as maintaining high valuations and integrating acquisitions. Navigating the competitive landscape of the rapidly evolving big data industry will be crucial for sustaining its growth trajectory.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Palantir Technologies and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead in the competitive market.
