Data-mining company Palantir has raised about $196.5 million in a funding round. Founded by a handful of PayPal alumni and Stanford computer scientists, Palantir offers software applications that help integrate, visualize and analyze mountains of data for clients like government agencies, pharmaceutical companies and financial communities.
Palantir has been venture-backed since 2004. CEO Alex Karp recently told Forbes he expects the company to sign $1 billion in new, long-term contracts next year. Peter Thiel's Founders Fund was an early investor in the company, as was In-Q-Tel.