One of the hottest startups in Silicon Valley is one that most people in business have never heard of: Palantir Tech. That’s because consumers aren’t Palantir’s customers; it’s a data analytics platform focusing mainly on the government and financial sectors.
You can get a sense of the kinds of things Palantir does from its blog, where posts have titles like these:
- Palantir Cyber: Uncovering malicious behaviour at petabyte scale
- Adaptive Management and the Analysis of California’s Water Resources
- Securely collaborating across the enterprise and with external partners to expose cyber fraud
In the fall, we did a little digging to come up with an informed estimate of Palantir’s valuation: $3.5 billion. We based this on an informed estimate of Palantir’s 2012 revenues – somewhere between $350 and $400 million this year from its subscription product.
Now, Palantir cofounder Joe Lonsdale is suggesting we were way too low.
In a response to a question on Quora, he says that Palantir stock is currently trading at a valuation closer to $5 billion, and that third parties are seeking to invest in the company at the $8 billion range.