US-based big data analytics company Palantir has upped its latest funding round from $680m to $880m and is now valued at $20.3bn, TechCrunch has reported, citing a regulatory filing.
Palantir, which counts information and analytics firm RELX among its investors, supplies big data analytics technology to a customer base mainly comprising government agencies and financial services firms.
The latest funding represents the fourth close of a round Palantir initially began raising money for in July this year, and follows a $680m third close earlier this month. The round’s investors have not been disclosed.
Palantir has now raised more than $1.9bn altogether, according to regulatory filings. RELX led the company’s $35m series B round in 2009 through its corporate venturing unit, Reed Elsevier Ventures.
Other investors in Palantir include investment manager Tiger Global Management, venture capital firm Founders Fund and In-Q-Tel, the VC vehicle for the US intelligence community.