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11/18, 6:09 AM (Source: TeleTrader)
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Thiel's Palantir announces Japanese JV with Sompo

American private-held data analytics company Palantir Technologies formed a joint venture with Japan's insurance holdings firm Sompo Holdings, Palantir co-founder and chairman, billionaire Peter Thiel (pictured), announced in Tokyo on Monday.

The deal is worth $150 million and the joint venture will be owned 50-50 by Palantir and Sompo and will focus on health and cybersecurity, servicing both the Japanese government and commercial customers.

Breaking the News / NP