Palantir: The Next Billion-Dollar Company Raises $90 Million
When Alex Karp needed funding for a young start up named Palantir in 2005, dozens of investors said “No.”
He was trying to sell them on the idea of a high-powered analysis platform that could scan multiple databases simultaneously— a tool that government officials and corporations could use to tackle complex problems.
“Enterprise is a dirty word and that’s the business we’re in, and government is also not very popular in the Valley, [we combined] both,” Karp says.
Today, funding is not an issue. Palantir, a team of 250-plus engineers nestled in downtown Palo Alto, has raised $90 million in Series D financing at a $735 million valuation— the company exclusively told TechCrunch.
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