So that's what....$1.3b in funding over a lot of rounds?
I'm not sure I can think of many software companies with that kind of startup investment.
WP says they have about 1,200 employees, or a burn rate of about $300m/yr. Those figures are old, so this new round must be for another year of operations.
I believe I had heard in a previous discussion that they were planning on going public in 2015, so this is a bit of a surprise.
Last I heard they were still also a Java client application for the analytics. They appear to have had an HTML5 client in development several years ago, but that doesn't appear to be the current product (even videos as new as a month old still use the old client which they had up as a free demo for years on their site). [1][2]
So is this just for continued expansion or is Palantir some kind of hi-tech charity case people prop with more money than sense continue to prop up? My guess is the former, but there's some arguments it's really the second.
It's interesting to see that the HTML5 client never went anywhere evidently -- I interviewed there for an internship in 2013 and remember that they were showing it off a lot.
I'm not sure I can think of many software companies with that kind of startup investment.
WP says they have about 1,200 employees, or a burn rate of about $300m/yr. Those figures are old, so this new round must be for another year of operations.
I believe I had heard in a previous discussion that they were planning on going public in 2015, so this is a bit of a surprise.
Last I heard they were still also a Java client application for the analytics. They appear to have had an HTML5 client in development several years ago, but that doesn't appear to be the current product (even videos as new as a month old still use the old client which they had up as a free demo for years on their site). [1][2]
So is this just for continued expansion or is Palantir some kind of hi-tech charity case people prop with more money than sense continue to prop up? My guess is the former, but there's some arguments it's really the second.
1 - https://www.youtube.com/watch?v=cajoFN6yjB0
2 - https://www.youtube.com/watch?v=d298LZd38Kk