If true, this would be a surprisingly low figure. The company's technology has been used by immigration officials to conduct Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer's shareholder committee.
Find new prospects, beat competitors and quotas. Join the band! A leading-edge research firm focused on digital transformation.Documents leaked Friday offered one of the first looks into the financials of secretive data company Palantir.According to recent draft copies of Palantir's S-1 statement obtained by Palantir brought in $742.5 million in revenue last year, an approximately 25% jump from 2018, and had expenses of slightly more than $1 billion, roughly a 2% increase, The New York Times reported.Palantir did not respond to a request for comment on this story.The company is expected to go public through a direct listing, in which the company does not raise any capital, rather than through a traditional initial public stock offering.Palantir has raised more than $3 billion total, according to data from PitchBook, and private investors have valued it at TechCrunch reported that the company has had a slightly better start to 2020, with $481 million in revenue for the first six months of the year, a 49% jump from the same period last year, while operating expenses dropped to 107% of total revenue compared with 157% for the first half of 2019, though the number is still high for a company of Palantir's age.Despite its efforts to land more private sector business, Palantir's share of revenue from government contracts jumped from 45% in 2019 to 53.5% during the first half of 2020, according to TechCrunch, suggesting that the company is becoming increasingly reliant on its work with the government.Even though Palantir spent 61% of revenue on sales and marketing in 2019 in hopes of acquiring new business, according to TechCrunch, The New York Times reported that around one-third of its revenue came from just three customers, which the company listed as a potential liability moving forward.Palantir has also frequently come under fire from civil rights groups and data privacy proponents who have criticized its government work. ReliaQuest Lands $300M Growth Financing For Global Expansion Lyra Health Gains Unicorn Status After $110M Series D Upgrade to Crunchbase Pro for unlimited search results TechCrunch invited all attendees to download the free Otter app to avail of this new content. We grow and develop and make wonderful things happen together every day. Discover the right leads and close more deals, faster Identify and track innovative companies in your target sector Research investors and monitor competitors all in one place Find emerging trends and analyze changes across industries Intelligently search and target the right opportunities with advanced search filters, analysis tools, and company alerts. Get insights into your competition. Tagged as Andrew Lih, David Weinberger, Gordon Moore, Mark Graham, Paul Allen, TechCrunch, Truth, Verifiability, Wikidata, Wikimedia Deutschland on April 12, 2012 at 8:31 am Although Wikipedia is by far the best-known of the Wikimedia collaborative projects, it is just one of many . Sign up for our Tech newsletter. BTS is the first band to rack up 100 million YouTube views in 24 hours Uncover startup trends, get company funding data.
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