Palantir’s S-1 submitting says individuals use its providers as a result of ‘their technical infrastructure has failed them’

Palantir Headquarters

Information-mining agency Palantir has filed its prospectus to take the corporate public, and its S-1 confirms leaked info that confirmed the corporate has not turned a revenue since its founding in 2003.

Palantir plans to debut with a direct itemizing slightly than promoting shares in an preliminary public providing. It’s amongst a handful of tech firms which have taken this path to go public in recent times; Slack did final yr, Spotify did in 2018, and Asana did earlier this week.

The corporate misplaced $580 million in 2019, the submitting exhibits, and within the first half of 2020 it has misplaced $175 million. The S-1 exhibits the corporate had 125 prospects within the first half of this yr, “together with a few of the largest and most important establishments on the earth,” the…

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