The RELX-backed big data analysis company has added $105m to its current funding round, which valued it at $20bn as of July.

Palantir, the US-based big data technology producer backed by information and analytics company RELX, has bumped its latest funding round up from $450m to $555m, according to a regulatory filing.

Founded in 2003, Palantir provides data analysis technology to a range of clients including several US government and law enforcement agencies. It signed a $90m, five-year deal with the Securities and Exchanges Commission last month to supply its software in order to help detect insider trading and other securities violations.

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