Google announced a restructuring process wherein a new holding company Alphabet has been formed. Google will now be subsidiary of Alphabet. Alphabet will also be the parent company under which erstwhile Google ventures like Calico, X Labs will now come.
The restructuring means that Google’s core Internet Business, which includes Search, Internet Advertising, YouTube, Infrastructure, Android, Chrome will all operate separately under Google. The results for Google will be declared separately in each financial quarter as well.
So what are the other companies which will be a part of Alphabet? Here’s a quick look at the A to Z of Google’s new Alphabet.
Boston Dynamics: Boston Dynamics is a robotics company which built the BigDog, a quadruple robot for the US army. In 2013, Google’s X Labs acquired Boston Dynamics and it is now headed by former Android head Andy Rubin.
Calico: Calico was announced by Google in September 2013 and it focuses on Health and increasing Life-span. Calico’s CEO and founding investor is Arthur D Levinson who is also the Chairman of bio-technology company GeneTech and Apple. Calico is Google’s project at slowing aging and fighting against age-related illnesses. Calico stands for California Life Company.
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Capital: Known as Google Capital, this is Google growth equity fund that invests in technology-related companies. Significant companies where Google Capital has made investments are SurveyMonkey, CommonFloor.com, FreshDesk, GlassDoor, DuoLingo to name a few.
Fiber: Google Fiber brings high-speed Internet (about 1000 times faster than current broadband connections) to cities in the US. Fiber was announced in 2012 with Kansas City. In December 2012, Google Chairman Eric Schmidt had confirmed that Fiber was a real business and that the company would expand it to more US cities.
Fiber offers around 1GB/s Internet speeds and most recently Google announced that Fiber was coming to San Antonio.
Life Sciences: Google’s Life Sciences division has been working on projects like the Contact Lens for those with diabetes. This particular contact lens can sense glucose levels in tears using a tiny wireless chip and miniaturised glucose sensor which is embedded between the two layers of the lens.
Nest: Nest is a smart thermostat maker which was acquired by Google in 2014 for $3.2 billion. Nest will also play a key role in Google’s Internet of Things plans.
At the Google I/O Conference, the company announced Project Brillo which is a new platform derived from Android that lets developers and manufacturers build connected devices. Google also introduced a communications protocol (Weave) developed in partnership with Nest as part of its Internet of Things scheme.
Ventures: Google Ventures provides investments and capital funding to start-ups. Uber, Nest, Slack are some of the companies where Ventures has providing funding.
X Labs: Google X Labs is the company’s most well-known moonshot centre and X Labs is what is responsible for ideas like Google Glass, the Driverless car, Project Loon to provide free Internet. X Labs is headed by Astro Teller.
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