A Swedish investment firm has announced a collaboration with Alphabet’s Google Cloud division to accelerate artificial intelligence adoption across more than 300 businesses in its portfolio, the companies revealed on Thursday.
The partnership will provide EQT’s portfolio businesses, which operate across industries ranging from enterprise software to healthcare, with access to artificial intelligence development tools including the Gemini Enterprise Agent platform for building applications, along with cybersecurity solutions.
Additionally, these businesses will receive priority access to select Google Cloud artificial intelligence products as they become available in the future, according to a joint statement from the companies.
As organizations rush to incorporate AI technology into their daily operations, the need for skilled engineers and consultants who can implement and customize these systems has skyrocketed. These types of partnerships also assist AI technology creators in growing their client base.
Engineers from Google will collaborate directly with EQT’s artificial intelligence transformation unit, which employs approximately 85 specialists. EQT and the companies it invests in will also gain access to Google Cloud’s extensive partner ecosystem, featuring more than 330,000 experts from consulting firms including Accenture, Deloitte and KPMG.
In April, Google established comparable AI implementation agreements with investment firms Vista Equity Partners and Thoma Bravo, both of which focus on software companies.
These arrangements also provide software businesses within the portfolios of EQT, Thoma Bravo and Vista the opportunity to market their own solutions through Google Cloud’s digital marketplace to other organizations.
Additional major private investment companies, including Blackstone and TPG, are pursuing independent collaborations with OpenAI and Anthropic to bring their technologies to hundreds of additional organizations.
Bert Janssens, who serves as EQT’s co-head of private capital in Europe and North America, stated the agreement would assist “management teams future-proof their businesses and be more competitive in an increasingly AI-driven economy”.
