Large companies and government agencies use Palantir software, which typically incorporates large amounts of data, and Palantir employs “term deployed software engineers” who work closely with customers. As recently as last week, Palantir said it was raising more capital as part of a cycle that could reach nearly a billion dollars.
Palantir has more than 2,500 employees registered on LinkedIn. Thiel, one of Facebook’s first contributors, encouraged the company to stay private for as long as possible, although co-founder Joe Lonsdale lobbied for an IPO. A year ago, Lonsdale predicted that an IPO would be “in a few years,” reported the Wall Street Journal.
Last month, Palantir added Alexandra Wolfe Schiff, who was then a journalist with the Journal, to her board of directors, becoming the first female director. California requires SOEs to have at least one woman on their board of directors.
The notice of a confidential deposit does not mean that a public registration is necessarily imminent. Food delivery company Postmates said it had confidentially filed for an IPO in February 2019, but it was never made public. Uber said Monday it had agreed to buy Postmates for $ 2.65 billion in stock.
– Ari Levy of CNBC contributed to this report.
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