Palantir Technologies Intrigues Investors Despite Its Mysteries


Palantir Technologies, which has 1,500 employees, has government and private clients worldwide.CreditPeter DaSilva for The New York Times

Palantir Technologies’ mystery inflates its valuation. The firm, a private data analytics company backed and beloved by government intelligence, israising $500 million in fresh cash, giving it a potential valuation of $20 billion and landing it fairly high on the list of so-called unicorns.

Going public may not be an option for Palantir because of its clients and culture. The result is a deepening enigma that may actually feed its potential value. A unicorn is a start-up technology company valued at more than $1 billion.

The company, led by its chief executive, Alex Karp, was worth a mere $9 billion at the end of 2013. Whether the $11 billion increase is warranted, like many things about the secretive company, is hard to judge…

Palantir Technologies Intrigues Investors Despite Its Mysteries

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