US-based big data company Palantir, which which specialises in data mining for government agencies, has raised more than $50m in funding from unnamed investors, according to a recent SEC filing.
Investors in Palantir include In-Q-Tel, the venture firm that represents the US intelligence community, and Reed Elsevier Ventures, the corporate venturing arm of publisher Reed Elsevier.
The added capital brings the total round to $444m, after Palantir held multiple closes since late last year.
Palantir is a software product for integrating, visualising and analysing information. Its customers include government intelligence agencies such as the National Security Agency. In August the company acquired social analytics company Poptip for an undisclosed fee.
In December 2013 Palantir was valued at $9bn, after raising close to $100m from undisclosed investors. Prior to the latest round, Palantir had raised a total of $829m.
The company was founded in 2004 by PayPal co-founder Peter Thiel and Stanford engineers. Other backers in Palantir include Thiel’s venture capital firm, Founders Fund.