Chris Bryant / Bloomberg:
Analysis: Palantir, which invested $450M since 2021 in early-stage companies via SPACs, has lost ~$333M, or 75% of its portfolio, offset against some revenue — Palantir Technologies Inc.’s raison d’etre is identifying patterns hidden within mountains of data.
Olivia Solon / Bloomberg:
Internal Palantir documents detail a plan to deepen its ties to the UK’s NHS by buying up smaller rivals, helping avoid scrutiny and increase health data — Palantir Technologies had a secret plan to deepen its relationship with the UK’s National Health Service without public scrutiny.
Ashley Capoot / CNBC:
Palantir Q3: revenue of $478M, up 22% YoY, vs. $470M est., US commercial customer count increased 124% YoY and US commercial revenue up 53% YoY; stock down 12%+ — – Shares of Palantir fell Monday after the company released third-quarter earnings before the bell that missed analyst estimates for earnings but beat on revenue.
Divya Balji / Bloomberg:
Chamath Palihapitiya plans to shutter two SPACs, the $1.15B Social Capital Hedosophia VI and $460M Social Capital IV, after failing to find acquisition targets — Chamath Palihapitiya said he is winding down two special purpose acquisition companies, including his largest ever …
Jeffrey Dastin / Reuters:
Palantir signs a three-year, £75M deal with the UK’s defense ministry, providing software to prompt real-time military actions and predict potential results — Palantir Technologies Inc (PLTR.N) has signed a three-year, 75 million pound ($91.39 million) deal with the United Kingdom’s Ministry …
Yuvraj Malik / Reuters:
Mobileye reports Q3 revenue up 38% YoY to $450M, beating $447M estimates, and a $45M net loss, up from $26M YoY, in its first post-IPO earnings — Mobileye Global Inc (MBLY.O) beat estimates for revenue on Wednesday in its first quarterly report after going public in October, as the Intel Corp …
Kathryn Walson / PhocusWire:
Canary Technologies, which offers hotels guest management and other tools, raised a $30M Series B led by Insight Partners, bringing its total funding to $45M — Hospitality tech company Canary Technologies has secured $30 million in Series B funding to expand its team to keep pace with global demand …
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