Peter Thiel’s Palantir Technologies launches Japanese JV

By Richard Blank

New Zealand citizen Peter Thiel’s big data company Palantir Technologies has established a new joint venture with Japanese insurer Sompo Holdings.

Palantir Technologies Japan is to be a jointly-owned technology company, with a stated focus on the security, health and wellbeing of Japanese organisations and society. Like Palantir itself, Palantir Japan will operate platforms for data visualisation and analysis, albeit with a japanese focus.

Koichi Narasaki, Group Chief Digital Officer of Sompo Holdings and CEO of Palantir Japan said in a press release: “Real operational data, abundant in Japan, is transformed into scaled productivity and operational success in every business through the use of Palantir's technologies. I am committed to unleashing this digital transformation for all Japanese industries and helping them achieve their goals smarter and faster.”

SEE ALSO:

Palantir’s primary offerings are its Gotham and Foundry platforms, which are able to demonstrate the linkages between and provenance of data points, as well as track changes over time via the concept of versioning. Describing what it does as ‘data-logic’, the digital transformation of data it provides has applications in fields as diverse as law enforcement, insurance, manufacturing and defence. Customers include the likes of Airbus, BP and the US Army.

Alexander Karp, Co-founder and CEO of Palantir said: “We have the privilege of partnering with some of the most innovative and enduring companies in the world including Sompo, a leader in its field whose business helped to define an industry. Our investment in Japan reflects our belief that the union of industrial expertise, built over decades on the front lines of business, with the right software will be the primary driver of economic outperformance moving forward.”

Perhaps curiously for a data company, and considering the company it keeps, Palantir also claims to be dedicated to privacy and civil liberties. That’s certainly an interest of Chairman and co-founder Peter Thiel, who made his fortune as a co-founder of PayPal. One of libertarian Thiel’s initiatives involves offering young people $100,000 to drop out of university.

Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology