Feeds

Big Brother's software firm Palantir valued at $9 BEEELION

CIA-funded data slurper gets $60m in filthy valley lucre

Top 5 reasons to deploy VMware with Tegile

How much does it cost to buy out one of big brother's favored toolmakers? Around $9bn, according to a recent valuation of Silicon Valley darling Palantir.

The "Big Data" analysis company made a Form D filing with the SEC on Thursday disclosing a $58m cash infusion, and other reports by The Wall Street Journal, The New York Times, and the Financial Times reckoned the company would soon announce a further $42m in filthy valley lucre, valuing the company at $9bn.

Palantir makes technology for analysing large amounts of data from disparate sources, and lists its main clients as government, financial institutions, and pharma companies. Its tech can be used for tasks ranging from detecting insider trading, to tracking people, to identifying weaknesses in IT infrastructure. Its two main technologies are called "Gotham" and "Metropolis".

Gotham is a multi-user query engine that interfaces with structured and unstructured data, providing a platform for analysts to use to pull together, query, analyze, and share insights derived from "billion- and trillion-scale datasets".

Metropolis is a "quantitative analysis platform" that comes with its own "Hedgehog" query language, along with various tools for exploring and converging datasets. One sub-component of Metropolis is named PRISM, but is not – the company says – connected to the alleged NSA data-slurping programme of the same name.

The company has recently tried to put distance between itself and the intelligence community due to the wave of bad press unleashed by Edward Snowden's revelations about the NSA. However, it is indisputably linked to a variety of shadowy organizations, and is backed partly by In-Q-Tel, the CIA's investment wing.

Details of the investors were not disclosed. The company is not yet thought to be profitable, but does turn over several hundred million dollars per year.

The company is notorious for having a demanding work enviroment that, like so many Silicon Valley companies, borders on the frenzied mania of a cult. "It's been said that 'there are no leashes at Palantir,' and it's true," the company insists. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.