Palantir, a famous big data leading company invested by Sensegain, landed on the New York Stock Exchange through direct listing on September 30 with an opening price of $10. The company closed at $9.50 on the first trading day, an increase of approximately 31% compared to the reference price of $7.25, and the market value reached US$20.9 billion. The next day’s report closed at $9.45, and the market value stabilized at more than US$20 billion. Palantir is the fourth portfolio that Sensegain has completed public listing in 2020, and it is also the second portfolio company that went public in the US this year.
Palantir was established in Silicon Valley in 2003. Its founders include Peter Thiel, the founder of Paypal, and a well-known Silicon Valley venture capitalist. The company mainly provides big data products and solutions, and provides big data analysis services based on the core business process of customers to government and large enterprise customers, and provides references for important business or management decisions of customers. It is globally recognized as the largest company in the big data industry. The company has a luxurious shareholder lineup including many top US PE investments such as Blackstone, Fidelity Investment, Bridgewater Fund, Tiger Fund, etc.
Palantir's current two major products are the Palantir Gotham platform that serves government departments, and the Palantir Foundry platform for customers in the financial, manufacturing, healthcare, and aerospace industries.
The Gotham platform performs data analysis for most of the government administration in the United States, as well as European government agencies such as the United Kingdom and Germany, including cybersecurity for the Department of Defense and drug review services for the Department of Health and Human Services.
According to NBC News, Palantir has received a series of large orders from US federal departments in response to the Covid-19 pandemic, with a total value of more than 42 million US dollars, according to US government procurement records. The orders include HHS Protect, a new platform built for the Department of Health and Human Services in the United States to track and analyze the spread of the virus.
The company started from the initial government business, quickly developed and improved its business scope, and expanded to more than 20 commercial areas. The Foundry platform has powerful data processing and analysis capabilities and aims to provide enterprises with high-quality digital analysis services to the greatest extent. Foundry collects massive amounts of information through pan-data sources and provides an effective customized and quantitative analysis platform in order to meet various complex research and operational needs across multiple disciplines and industries.
Palantir’s cumulative operating income from 2008 to 2019 was US$3.4 billion, and revenue in 2019 was US$742.6 million, an increase of 25% compared to 2018. Against the backdrop of a turbulent geopolitical environment and economic contraction in the first half of 2020, the company's revenue is still growing rapidly. The cumulative revenue in the first half of 2020 was US$481.2 million, a year-on-year increase of 49%. It is estimated that the annual revenue in 2020 will be approximately US$1 billion.
Palantir is a key project of Sensegain in the field of science and technology. Sensegain fund participated in the investment in January 2017. With a global perspective, Sensegain has secured key technical links in advance. In addition to Palantir, it has also deployed excellent technology companies such as Arcsoft Technology, CloudWalk Technology, and eToro to contribute to the development of the invested companies and to serve investors by dedicating to the investor’s wealth growth.