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Palantir ready to crunch big data for Japan's dinosaur companies

US tech company seeks new funding from the likes of SoftBank

Big-data management company Palantir will target Japanese companies in the auto and banking industries.

TOKYO -- Palantir Technologies, a U.S. big-data management company valued at more than $12 billion, is open for business in Japan as early as this year as it reportedly seeks fresh financing from investors, including Japan's SoftBank Group

Co-founded by billionaire investor Peter Thiel in 2004, the company recently opened an office in Tokyo and began hiring local engineers. Palantir will test its Foundry enterprise software with Japanese companies for several months before offering it commercially. The company's target clients include big automakers and banks.

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