Skip to content
Subscriber Only

Palantir Raises $500 Million From Japan’s Sompo Ahead of Listing

Palantir Technologies Headquarters As BP Is Reported Shareholder
Photographer: David Paul Morris/Bloomberg

Palantir Technologies Inc., the Silicon Valley data company backed by Peter Thiel, raised 54 billion yen ($500 million) from Japan’s Sompo Japan Nipponkoa Holdings Inc. in what’s set to be one of the last investments before the stock is traded publicly.

The cash lessens the need for Palantir to raise capital through an initial public offering. The company has been considering a direct listing of its shares on an exchange as an option, which would allow Palantir to bypass a roadshow and other formalities of an IPO, though it would not bring in new funds, people familiar with the matter have said.