Palantir Technologies Inc. ("Palantir," NYSE: PLTR) and Palantir Technologies 
Japan K.K. today announced a $50 million, five-year expansion of its work with 
SOMPO Holdings ("SOMPO") and its group companies including SOMPO Japan, the 
company's insurance business. This expansion will enable the roll out of 
critical workflows across 10,000+ salespeople within SOMPO Japan, further 
developments of SOMPO's Real Data Platform ("RDP"), and many other critical 
growth opportunities across SOMPO Holdings.

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Thousands of users across SOMPO use Palantir Foundry as the backbone of the 
company's projects to realize digital transformation and work within the RDP, 
designed to improve security, health, and wellbeing in Japan and beyond. Within 
SOMPO Japan, use of Foundry to-date has been focused on improving profitability 
for the commercial insurance business, and supporting disaster response. One 
workflow alone has already delivered significant value in terms of underwriting 
profits to SOMPO Japan, and is now being rolled out to 10,000+ salespeople 
across the Japanese insurance business. The organization's disaster response 
work has also delivered substantial results - streamlining traditionally 
labor-intensive efforts such as exchanging information with inspectors and 
processing claims into reusable workflows across disasters that can now be 
executed in days.

Within SOMPO Care, Foundry is used by hundreds of care staff across nearly 300 
long-term care facilities to connect hundreds of recipient parameters into 
flexible and recipient-specific long-term care plans. SOMPO has also recently 
started to use Foundry to enable secure government reporting, replacing highly 
manual and CSV-based email sharing with an automated and live-updating workflow 
that connects SOMPO care providers with critical government regulations, 
funding requirements, and more.

"As Palantir's most important partner in Japan, we SOMPO will continue to 
expand our efforts in DX to increase our own operational efficiency and 
profitability and in creation of RDP, by using Foundry," says Mikio Okumura, 
Group COO, Director, President and Representative Executive Officer, SOMPO 
Holdings. "In parallel, SOMPO will promote DX for Japanese companies, 
government agencies, and society through Palantir Technologies Japan, which was 
jointly established by SOMPO and Palantir."

"Our work with SOMPO is the combination of a visionary customer, a critical and 
time-sensitive challenge, and profound technology," says Palantir CTO, Shyam 
Sankar. "The expansion of our work across more of SOMPO Care, into SOMPO Japan 
and elsewhere, is emblematic of our joint ambition with SOMPO to support Japan 
as a global leader."

SOMPO has evolved from a traditional insurance firm, founded in the late 19th 
century, to a digitally transformed, multinational company that actively 
partners in research and develops real solutions to critical challenges, such 
as the nation's aging population. Since 2019, SOMPO has used Foundry as the 
backbone of its RDP solution. RDP is a collaborative ecosystem designed to 
improve patient care, increase resiliency, modernize real-world operations, and 
create a connected healthcare infrastructure that enables collaboration between 
research institutions, government agencies, and private industry in Japan and 
abroad.

About Palantir Technologies Inc.

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Forward-Looking Statements

This press release contains forward-looking statements within the meaning of 
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the 
Securities Exchange Act of 1934, as amended. These statements may relate to, 
but are not limited to, Palantir's expectations regarding the amount and the 
terms of the contract and the expected benefits of our software platforms. 
Forward-looking statements are inherently subject to risks and uncertainties, 
some of which cannot be predicted or quantified. Forward-looking statements are 
based on information available at the time those statements are made and were 
based on current expectations as well as the beliefs and assumptions of 
management as of that time with respect to future events. These statements are 
subject to risks and uncertainties, many of which involve factors or 
circumstances that are beyond our control. These risks and uncertainties 
include our ability to meet the unique needs of our customer; the failure of 
our platforms to satisfy our customer or perform as desired; the frequency or 
severity of any software and implementation errors; our platforms' reliability; 
and our customer's ability to modify or terminate the contract. Additional 
information regarding these and other risks and uncertainties is included in 
the filings we make with the Securities and Exchange Commission from time to 
time. Except as required by law, we do not undertake any obligation to publicly 
update or revise any forward-looking statement, whether as a result of new 
information, future developments, or otherwise.

Media Contacts

Lisa Gordon
media@palantir.com

SOURCE  PALANTIR TECHNOLOGIES INC.