Palantir to seek at least $26 billion valuation in fundraising push
Peter Thiel co-founded secretive big-data analytics and surveillance "Decacorn", Palantir is reportedly looking at raising fresh funding at $26 -30B valuation range from the likes of Singapore’s sovereign fund Temasek and Masayoshi Son’s SoftBank, providing naysayers and the public markets with a longer timeline to evaluate its progress ahead of its probable IPO. RBC and Morgan Stanley are reported to be running the mandate for Palantir.
Palantir’s big data analytics is used by enforcement agencies for counter terrorism, financial crimes, border control, human trafficking etc and has equal split between revenues from government agencies like the US military, CIA, FBI and other home land security agencies. Palantir also has a second business line where it helps megacap corporate clients like Airbus, JP Morgan Chase, Bridgewater Associates, Chrysler, Merck, Hershey amongst others to make better use of their data to realise their corporate goals and missions.