CapitalG, the investment fund of Google, Alphabet's parent company, has said it is actively seeking to invest in "software businesses addressing the insurance market". It follows its purchase of a "not small" minority stake in Illinois-based Applied Systems, which provides insurance technology and cloud-based software to independent firms. The deal, for which terms were undisclosed, offers Applied access to Alphabet's artificial intelligence, machine learning and digital marketing tech, while the two firms are in early-stage talks about future collaborations.
CapitalG, the investment fund of Alphabet, Google's parent company, has said it is actively seeking to invest in "software businesses addressing the insurance market". It follows its purchase of a "not small" minority stake in Illinois-based Applied Systems, which provides insurance technology and cloud-based software to independent firms. The deal, for which terms were undisclosed, offers Applied access to Google's artificial intelligence, machine learning and digital marketing tech, while the two firms are in early-stage talks about future collaborations.