2017 IPO Prospects: Palantir Finally Mulling An IPO

According to a report by Zion Market Research, the Advanced Analytics Market is estimated to grow from $10.7 billion in 2015 to $60.44 billion in 2021. That translates to a compounded growth rate of 33% each year. Palo Alto-based Palantir leverages advanced analytics capabilities to help government and financial agencies ensure safety of citizens and their customers. After months of opposing the idea of going public, Palantir is finally expected to be considering a public listing.

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Photo Credit: Cory Doctorow/Flickr.com

Palantir’s Financials

Palantir was founded in 2004 by Peter Thiel, Nathan Gettings, and Joe Lonsdale who wanted to create a software that would be able to integrate, visualize, and analyze data while ensuring security. Palantir was initially set up as a government-supported initiative established to improve security globally. But soon the founders realized that the analytic software could be leveraged by organizations to secure their assets. Ultimately, Palantir evolved into a software that can be used by intelligence, defense, law enforcement, and financial communities for tasks such as fraud detection, tracking terrorists, human trafficking, financial crimes, and disease outbreaks.

Palantir is privately held and does not disclose any financials. Analysts estimate that the company’s revenues came in at over $1 billion in 2014 and grew to $1.7 billion in 2015. It was not profitable till last year, but believes that it will turn profitable this year.

Palantir has raised $2.4 billion in funding so far with investments from ARTIS Ventures, Benjamin Lang, Founders Fund, Glynn Capital Management, In-Q-Tel, IT Ventures, Jeremy Stoppleman, Keith Rabois, Kortschak Investments, L.P., Mithril Capital Management, Reed Elsevier Ventures, and Ulu Ventures. Its last round was held last month, but the company did not disclose details on the funding amount or valuation. Prior to that, it had raised $20 million in November at an undisclosed valuation. In December 2015 it had raised $880 million at a valuation of $20 billion.

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