Nishimura & Asahi has advised Japanese insurance company Sompo Holdings on its $500 million investment in Silicon Valley data analytics company Palantir Technologies.
According to Reuters, the investment comes on the heels of an uptick in demand for Palantir’s products that help companies and governments manage the COVID-19 pandemic.
Palantir is aiming to file confidentially with U.S. regulators for an IPO in the coming weeks, Reuters added. It was valued at around $20 billion in its last fundraising round in 2015.
The Nishimura team was led by partner Atsushi Mizushima.
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