Peter Thiel’s Palantir launches Japanese three way partnership with insurer Sompo


(Information) – Silicon Valley information analytics firm Palantir Applied sciences Inc has established a three way partnership with Japanese insurance coverage holding firm Sompo Holdings Inc that originally will deal with well being and cybersecurity purchasers, Palantir mentioned.

The three way partnership, owned 50-50 by Palantir and Sompo, will service Japanese authorities in addition to industrial purchasers, in response to the privately-held firm, which was co-founded by well-known investor Peter Thiel.

Palantir clients vary from international banks to the U.S. authorities and the Central Intelligence Company (CIA), and it focuses on crunching and analyzing giant portions of knowledge.

The corporate’s expertise aided the U.S. authorities’s profitable seek for Osama bin Laden, in response to a number of media experiences.

Palantir has raised roughly $2.75 billion from buyers to this point, in response to information supplier PitchBook. Based in 2004, Palantir at the moment has 2,500 workers, in response to the corporate.

Reporting by Jane Lanhee Lee in San Francisco, Modifying by Rosalba O’Brien