Big data analysis provider Palantir has followed a $50m investment by Fujitsu with $500m from its partner in a Japanese joint venture.
Insurance firm Sompo Holdings agreed yesterday to invest ¥54bn ($500m) in Palantir, a US-based data analysis services provider currently lining up an initial public offering.
Palantir has built big data analysis software that uses artificial intelligence to sift through massive amounts of structured and unstructured data in order to find informative patterns. Its customers include US law enforcement agencies as well as businesses such as Sompo.
The deal comes after Sompo and Palantir launched a Japanese joint venture in…
