REV-backed Palantir has cut the size of its stock options, effectively valuing itself at $11bn just four months after reports suggested it would seek a $41bn valuation for its IPO in 2019.
Palantir, the US-based big data processor backed by data analytics provider Relx, has revised its employee stock options to $6 a share, valuing itself at approximately $11bn, Fortune has reported.
The valuation represents a signficant drop from the $20.3bn Palantir achieved for an $880m funding round in 2015 and a fraction of the $41bn valuation it had reportedly been seeking for an initial public offering expected for this year.
Founded in 2003, Palantir produces data mining software that…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
