Palantir, the US-based big data technology producer backed by information and analytics company RELX, has bumped its latest funding round up from $450m to $555m, according to a regulatory filing.
Founded in 2003, Palantir provides data analysis technology to a range of clients including several US government and law enforcement agencies. It signed a $90m, five-year deal with the Securities and Exchanges Commission last month to supply its software in order to help detect insider trading and other securities violations.
The company is highly secretive and has not disclosed the investors in its latest round. Palantir was valued at $20bn, as of the round’s first close in July this year, a source familiar with the company told Forbes.
Palantir has now raised more than $1.6bn in funding altogether, according to regulatory filings, $444m of which came from undisclosed investors in a round that closed in September 2014.
RELX, then known as Reed Elsevier, led Palantir’s $35m series B round in 2009 through its Reed Elsevier Ventures unit.
Other past investors in the company include In-Q-Tel, which acts as the venture capital vehicle of the US intelligence community, VC firm Founders Fund and hedge fund manager Tiger Global Management.