20 Bn requires continuation of a lot of secret work!
Palantir added an extra $105 million to its last huge round of financing, according to documents filed with the SEC on Wednesday. Its latest round of financing now totals more than $554 million at a valuation of $20.2 billion, according to PitchBook data. In July, the secretive big-data company confirmed it had issued $500 million in stock, but had sold only $450 million of it. Wednesday's filing amends that number to a total of $554,830,000 raised. The latest round brings Palantir's total funding to $2.3 billion, according to PitchBook. Founded in 2004, the big data startup gained notoriety for its top-secret work. The startup counts the US government and Wall Street financial firms as its clients, and its cofounders include billionaire investor Peter Thiel.