TECH
02/28/2011 10:21 am ET | Updated May 25, 2011

Facebook Investor Peter Thiel: Palantir Is The Next Facebook Or Google

For a FORBES magazine story I recently wrote on cyber-security software-maker Palantir Technologies, I spoke with billionaire Facebook investor Peter Thiel, who said that Palantir is "tracking like the really great tech companies, like Facebook or Google." Thiel thinks the company is the "most undervalued company in Silicon Valley" and will be worth around tens of billions of dollars in a few years' time. Of course, Thiel is Palantir's largest stakeholder, and his venture capital firm The Founders Fund has bankrolled much of the startup's initial costs. But beyond the hype is a company that has accidentally stepped into the middle of controversy, is attracting some of the brightest engineers from top schools, and is making more money than anyone suspects.

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