Google Cloud partners with EQT to accelerate AI adoption across 300+ portfolio companies

Google Cloud Strikes Major AI Deal With European Buyout Giant EQT - Alphabet (NASDAQ:GOOGL)

EQT has struck a deal with Alphabet Inc.'s (NASDAQ:GOOGL) Google Cloud aimed at speeding up artificial intelligence projects across more than 300 companies held in the buyout firm's portfolio. The arrangement gives these businesses access to Google Cloud's AI and security tools, including the Gemini Enterprise Agent platform for building AI applications, Reuters reported. Portfolio companies will also receive early access to select upcoming Google Cloud AI products. EQT said its holdings span areas such as enterprise software and healthcare, and the partnership is designed to help those companies move from AI experimentation to broader rollout. Google Cloud's engineers will collaborate with EQT's in-house AI transformation group, which is approximately 35 people. The agreement also opens the door to Google Cloud's partner ecosystem, which Reuters said includes more than 330,000 specialists across firms such as Accenture, Deloitte and KPMG. Bert Janssens, EQT's co-head of private capital in Europe and North America, said the partnership would help "management teams future-proof their businesses and be more competitive in an increasingly AI-driven economy". EQT Isn't Google's Only PE Partner In April, Google Cloud also signed AI rollout agreements with Vista Equity Partners and Thoma Bravo. Those deals allow software companies in participating portfolios to list products in Google Cloud's marketplace. The new company will offer data center capacity alongside Google's custom-built AI chips, known as Tensor Processing Units, or TPUs, through a compute-as-a-service model. The partnership comes as demand for AI computing capacity continues to soar amid the rapid adoption of generative AI tools and enterprise AI applications. Big Tech companies are expected to spend more than $800 billion on AI infrastructure in 2026 alone, including data centers, networking equipment and advanced semiconductors. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

EQT and Google Accelerate AI Adoption for Global Businesses

EQT and Google Cloud announced a new partnership poised to accelerate AI transformations among EQT's 300-plus global portfolio companies. Through the partnership, EQT will provide its portfolio companies with streamlined access to technology and expertise to help them more rapidly build and deploy AI agents across their businesses. This includes access to Google Cloud's AI stack, including its Gemini Enterprise Agent Platform; a broad choice of Gemini models; leading AI architecture; cybersecurity capabilities from Mandiant and Wiz to deploy AI safely; and sovereign cloud and AI solutions to ensure compliance with data residency and governance requirements. In addition, EQT and its portfolio companies will benefit from early access to select future Google Cloud AI products for more rapid prototyping and testing. Forward-deployed engineers from Google will also partner closely with EQT's internal AI transformation team in order to more rapidly deploy these technologies, securely and safely, within EQT's portfolio. Furthermore, EQT and its portfolio companies will benefit from access to Google Cloud's ecosystem of partners, including more than 330,000 trained Google AI experts from global consulting firms like Accenture, Capgemini, Cognizant, Deloitte, HCLTech, KPMG, McKinsey, PwC, TCS, and more. EQT has long viewed AI and data as a strategic capability both within the firm and across its portfolio companies, embedding digitization technology into its investment and value-creation approach. For more than a decade, the firm has actively built the expertise to support businesses in applying AI across areas including operations, product development, and customer engagement. Through this new partnership, Google Cloud is well-positioned to further accelerate these efforts with access to leading AI architecture, models, and capacity. In addition to technology and expertise required to effectively build and run AI agents at scale, software companies in EQT's portfolio will benefit from new routes-to-market for their own products. This includes streamlined onboarding to Google Cloud's Marketplace and expanded enterprise reach through Google Cloud's co-sell initiatives.

Private equity firm EQT partners with Google Cloud for AI rollout

NEW YORK, May 28 (Reuters) - EQT has partnered with Alphabet's Google Cloud to help more than 300 companies in the Swedish private equity firm's portfolio accelerate the adoption of AI, the companies said on Thursday. Under the agreement, EQT's portfolio companies, spanning sectors from enterprise software to healthcare, will gain access to AI tools including the Gemini Enterprise Agent platform to build programs, as well as cybersecurity services. The companies will also get early access to selected Google Cloud AI products in the future, the companies said in a statement. As businesses race to integrate AI into their operations, demand for engineers and consultants capable of deploying and customising the technology has surged. Such partnerships also help AI developers expand their customer base. Google engineers will work alongside EQT's AI transformation team of about 85 people. EQT and its portfolio companies will also have access to Google Cloud's partner network, which includes more than 330,000 specialists from consultancies such as Accenture, Deloitte and KPMG. Google struck similar AI deployment deals in April with software-focused investors Vista Equity Partners and Thoma Bravo. The deals also give the software companies in EQT, Thoma Bravo and Vista's portfolios the chance to sell their own products on Google Cloud's online store for other businesses. Other major private markets firms including Blackstone and TPG are working separately with OpenAI and Anthropic to distribute their products to hundreds more organizations. Bert Janssens, EQT's co-head of private capital in Europe and North America, said the deal would help "management teams future-proof their businesses and be more competitive in an increasingly AI-driven economy". (Reporting by Isla Binnie; Editing by Sherry Jacob-Phillips)