The company was valued at $9 billion in early 2014, with Forbes stating that the valuation made Palantir "among Silicon Valley's most valuable private technology companies".[11] As of December 2014, Thiel was Palantir's largest shareholder.[11] In January 2015, the company was valued at $15 billion after an undisclosed round of funding with $50 million in November 2014.[14] This valuation rose to $20 billion in late 2015 as the company closed an $880 million round of funding.[4] Palantir has never reported a profit.