Business News: Palantir Technologies raises $196.5 million: SAN - TopicsExpress

Business News: Palantir Technologies raises $196.5 million: SAN FRANCISCO (Reuters) - Data-analytics company Palantir Technologies has raised $196.5 million, the company disclosed Friday in a regulatory filing. The Palo Alto-based company, founded by former PayPal executives, builds analytics software for the armed forces, intelligence agencies, and financial-services companies. The cash will be used for growth capital, a spokeswoman said. Since its founding in 2004, it has raised almost $500 million. Peter Thiel, a co-founder of both PayPal and Palantir, is an investor, as are fellow PayPal alumni Keith Rabois, Jeremy Stoppelman, and Ben Ling. ... Get Full Details From News Source u.robinspost/42sfCT

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