Palantir has raised more than $500 million in fresh funding as the secretive and controversial startup works toward a possible IPO

• Palantir said it sold more than $500 million in stock to private investors and hopes to sell about $400 million more. 
• The company was said to be preparing for a September IPO, and it's unclear how the new funding affects those plans. 
• As a data-analytics company cofounded by a Trump confidant that works with US immigration agencies, the startup has also found itself in controversy. 
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Palantir, the secretive data-analytics company cofounded by Peter Thiel, is raising nearly $1 billion as it works toward a possible public offering.

In a regulatory filing Wednesday, the company said its raised $549.7 million from unnamed investors since early March and hopes to sell up to $411.4 million more for a grand total of $961.1 million worth of stock.See the rest of the story at Business Insider

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