TLDR

Prediction technology developer Palantir Technologies announced this morning that it has raised $450m at a $20bn valuation.

Key Points:

• Palantir Technologies, the data analytics firm backed by the CIA, has raised $450m at a valuation of $20bn.
• The company is said to be expanding aggressively in Europe, having already put down roots in London and Paris.
• Palantir, named after the all-seeing crystal ball in The Lord of the Rings trilogy, is used by intelligence agencies around the world to identify potential terrorist threats and is thought to have played a major role in the tracking and elimination of Osama bin Laden.
• The company’s latest funding round comes as it is rumored to be considering an IPO, though no official plans have been announced.

Paladin Capital Group Launches Paladin Global Institute

Paladin Capital Group, a multi-stage investor specializing in cyber, AI, and advanced technology, has launched the Paladin Global Institute with Kemba Walden, former Acting National Cyber Director, joining as President. The Paladin Global Institute aims to protect global critical infrastructure from cyber threats and enhance online safety by investing in research and advocacy, making informed policy recommendations, and bringing together public and private sectors to share knowledge and create and invest in innovative technologies.

Paladin Capital Group has established the Paladin Global Institute with the goal of protecting global critical infrastructure from cyber threats and enhancing the safety of people online. The Institute will focus on mitigating cyber, AI, and deep tech risks by building partnerships, stimulating research and advocacy, and investing in innovative technologies. Kemba Walden, former Acting National Cyber Director, will join as President of the Paladin Global Institute and will be responsible for leading its efforts.