SOMPO, an insurance company, and Palantir Technologies, a software company that specializes in big data analytics, agreed to form a $150m, 50-50 joint venture, Palantir Technologies Japan. “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,” Alexander Karp, Palantir Technologies Co-founder and CEO.