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Palantir Adds New Board Members

Alexander Moore, a new Palantir board member.
Photo credit: Alex Dunne on Flickr, under Creative Commons license

En route to a public listing, Palantir has added three new board directors by the names of Spencer Rascoff, best-known for co-founding Zillow; Alexander Moore, an early Palantir employee and current partner at venture capital firm 8VC; and Alexandra Wolfe Schiff, a journalist at the Wall Street Journal. To facilitate the appointment, Schiff is stepping down from her role at the Wall Street Journal in order to be a Palantir board member. These appointments bring the total count of Palantir's board to seven.

Adding three new board members surely seems like Palantir looking to get ready for a public listing.  By California law, public companies headquartered in the state must have at least one woman on their boards, and Palantir just appointed its first female board member. Atop that, the company recently raised $500 million in funding from Japanese insurance giant Sompo, the funding seeming like a bridge round before Palantir takes to the public markets.

Since its inception, Palantir is known to have raised about $2.5 billion in outside funding, that figure including secondary rounds. Earlier this year, the company told investors it was on track to break even for the first time ever and generate $1 billion in revenue.


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