On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1230 AM Sioux Falls, SD 98.1 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
67° Feels Like: 67°
Wind: NE 12 mph Past 24 hrs - Precip: 0.1”
Current Radar for Zip

Today

Thunderstorms 74°

Tonight

Scattered Thunderstorms 64°

Tomorrow

Thunderstorms 80°

Alerts

Palantir Technologies raises $196.5 million

SAN FRANCISCO (Reuters) - Data-analytics company Palantir Technologies has raised $196.5 million, the company disclosed Friday in a regulatory filing.

The Palo Alto-based company, founded by former PayPal executives, builds analytics software for the armed forces, intelligence agencies, and financial-services companies.

The cash will be used for growth capital, a spokeswoman said.

Since its founding in 2004, it has raised almost $500 million. Peter Thiel, a co-founder of both PayPal and Palantir, is an investor, as are fellow PayPal alumni Keith Rabois, Jeremy Stoppelman, and Ben Ling. The declined to comment on the investors in this latest round.

(Reporting by Sarah McBride. Editing by Andre Grenon)

Comments