About Company

Palantir Technologies was founded back in 2003 by Peter Thiel, who is also a founder of PayPal. This is one of the top secret and most expensive startup in the Silicon Valley, which is focused on developing software for Big Data analysis.

The company's products were featured in high-profile cases: for instance, they were used to find out Usama bin Laden and put an end to Bernie Madoff's pyramid scheme. Most Palantir's customers are intelligence agencies, banks, and hedge funds; there is a number of large scale retail customers as well. In particular, the startup works with the CIA, FBI, US Air Force, the Pentagon, and the US Immigration and Customs Enforcement (ICE).

A venture capital arm of the CIA was Palntir's key investor since its inception, having invested over $300M. Chinese and Japanese companies, as well as a Russian entrepreneur Boris Mints, are also among the investors. Palantir services cost from $5M all the way to $100M, per customer.

As of 2016, Palantir Technologies was the fourth world's startup, being worth $20B. Finally, in July 2020, the company officially filed an application for exchange listing. On September 30, the stock was directly listed in the exchange is now publicly traded. The company's value has risen to nearly $30B.

The experts say the Big Data and business analytics market grew by over 10% yearly from 2016 to 2020. Palantir Technologies is aiming for a market share of $40B to %50B per year. The analysts predict that Palantir Technologies earnings may increase by up to 45% as soon as in 2021, while the market share might grow from 1.10% in 2019 to 12% in 2029.