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Formation 8’s Lonsdale named in sexual assault suit: report

Joe Lonsdale, the co-founder of Palantir and a founding member of Formation 8, came under fire Thursday as news of a sexual assault and harassment suit became public. According to a story on Tech Crunch, the suit was filed last month in U.S. District Court in San Francisco by former Formation 8 intern and Stanford University student Elise Clougherty.

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What’s driving the surge in cyber security investing

A major increase in cyber security innovation – coupled with a growing number of lucrative exits — is fueling investor interest in the sector. The expansion is likely to continue as the mounting frequency, severity and costs of corporate breaches leave enterprises little choice but to boost security spending.

Report: Palantir Technologies Raises $90 Million

Palantir Technologies, a Palo Alto, Calif.-based developer of analytics platforms for financial and intelligence clients, has raised $90 million in Series D funding at a $735 million valuation, according to TechCrunch.

Existing shareholder The Founders Fund led the round, and was joined by Youniversity Ventures, Glynn Capital, Ulu Ventures, Jeremy Stoppleman and Ben Ling. No mention of existing shareholders In-Q-Tel or Reed Elsevier Ventures.

The company previously raised around $82 million.

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