The data-mining company had US$739 million in 2019 revenue and is expecting to increase that by 38 per cent this year, according to internal financial documents, which suggest the firm is looking to go public. (Bloomberg)
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The data-mining company had US$739 million in 2019 revenue and is expecting to increase that by 38 per cent this year, according to internal financial documents, which suggest the firm is looking to go public. (Bloomberg)
Talking point: Palantir has resisted the public markets throughout its 16-year history. Doing so has allowed it to pursue profitability at its own pace while skipping certain disclosures that could be complicated for the controversial firm, which has a number of government clients for which it does clandestine work. The company has also expanded its Canadian presence. In July 2019, The Logic reported the defence department had signed a million-dollar deal with Palantir, in the first time the Canadian government disclosed it was working with the firm. Shortly thereafter, the firm appointed Canada’s former ambassador to the U.S., David MacNaughton, as its president for Canada.
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