Big data company Palantir has raised another $129 million in funding

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Aragorn Palantir

New Line Cinema

The Palantir, as shown in "Lord of The Rings."

Palantir Technologies, the data analytics company that helped track down Osama Bin Laden , has raised $129 million (£85 million), valuing the company the company at over $20 billion (£13 billion), according to TechCrunch .

The company, founded by Peter Theil and Alex Karp among others, has previously raised $555 million (£365 million), putting the current total at around $680 million (£448 million).

Palantir specialises in the analysis of big data and its clients, according to a leaked document , include governments, banks, and legal research firms. The company keeps a low profile, however, preferring to work behind the curtain.

The name comes from "Lord of the Rings" and describes a spherical, mystical Palantir used by Saruman to "see from afar." The name was chosen by Peter Theil , who is a fan of the books.

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