Some of these companies are home to the most visited websites on the internet. One of these companies is YouTube, the biggest online video sharing and streaming platform owned by Google. Its market dominance is unmatched; the website services over 34.6 billion monthly users and is the world’s second most visited website. Alphabet is known for being the parent company of the leading tech giant Google as well as for its Other Bets. Let’s take a look at how Alphabet derives its revenue through these platforms as mentioned in the platform’s 2020 Annual report.
Google Cloud houses G Suite, which includes Hangouts Meet, Calendar, Mail, Plus, Cloud Search, and Drive. The commercial drone delivery service made headlines in September 2016 when it flew Chipotle burritos to Virginia Tech students. Wing has had trouble though, such as accusations of harsh working conditions.
A giant genomics storing service
Founders Larry Page and Sergey Brin announced their resignation from their executive posts in December 2019, with the CEO role to be filled by Sundar Pichai, also the CEO of Google. Page and Brin remain employees, board members, and controlling shareholders of Alphabet Inc. Google Nexus is a discontinued line of electronic devices that were based on the Android operating system.
The company posted a net income of $76 billion on revenue of $257.6 billion for 2021. Here we look at some of the most prominent companies owned by Alphabet, such as YouTube, Nest, and Waze.
The platform recently completed an externally led investment round raising in total $3.2 billion, which includes investment from Alphabet. GV, formerly known as Google Ventures, is one of Alphabet’s investment arms. The venture capital firm is looking to invest in tech startups that dabble in a variety of fields — from AI, cybersecurity, and software to transportation and agriculture. It seems like virtual reality will be the next big project for the tech giant. The company opened up a new virtual reality division under Google in early January, Re/code reported. The tech giant has taken on the ambitious project of extending the average lifespan.
Microsoft And Alphabet Beat As Investors Await Facebook Earnings
It’s unclear if DeepMind will be spun out into a separate company under Alphabet or whether Page considers it to be one of Google’s “internet products”. At the same time, it was announced that Google would be reorganized as a limited liability company, Google LLC. Alphabet, the multinational parent of Google and Google subsidiaries, was created through a restructuring at Google in 2015. In recent years, Alphabet and other tech giants have come under regulatory scrutiny in the U.S. and abroad for possible breaches in user data privacy and security. As of 2021 Alphabet still faces federal and state antitrust lawsuits, pressure from a newly formed employee union, and scrutiny over problematic content disseminated on YouTube. Google’s life sciences unit was formerly part of Alphabet’s research and development unit, X.
While Waze would remain an independent entity, its social features, such as its crowdsourced location platform, were reportedly valuable integrations between Waze and Google Maps, Google’s own mapping service. Jigsaw is a technology incubator and think tank that was created by Eric Schmidt in 2010. The company’s mission is to use technology to address some of the most pressing global security challenges, such as those related to cyber-attacks, online censorship, and political extremism. ITA Software is a travel industry software company that was founded in 1996 by a group of MIT computer scientists. The company’s first product was a software platform called QPX which provides airlines and travel agencies with real-time pricing and availability information for flights, hotels, and car rentals. The technology behind Intrinsic Innovation was developed at X for five years before it became an independent Alphabet company.
The certification enabled the company to operate as an airline and has since performed over 300,000 deliveries across the US, Australia, and Finland. Some of CapitalG’s notable investments include SurveyMonkey, Credit Karma, Glassdoor, Duolingo, Snap Inc., Airbnb, Stripe, Robinhood, Lyft, and NEXT insurance. Doctoroff is an American businessman and urban planner who once served as the CEO of Bloomberg L.P. FireEye then sold the company to Symphony Technology Group in June 2021, with Google then acquiring it in March 2022 for $5.4 billion. Ultimately, various assets were incorporated into the Google Cloud division in September of that year.
The line included phones, tablets, and streaming media devices, and Google was responsible for the design, marketing, development, and support of these devices. There is also Google Fiber, the company that provides broad wide internet and IPTV to the communities in the USA. The service was first introduced to Kansas City and it was first announced as an experimental project. Later on, the company worked on projects in Texas, Utah, and other states. In January 2014, Google bought Nest for $3.2 billion and the company was renamed Google Nest.
What Companies Google & Alphabet Own: Visuals & Full List
There are 296 companies in this list, and together with the companies I mentioned above, it is in total 377 Alphabet/Google Subsidiaries listed in this article. Google Ireland Limited (Ireland company that is directly booking revenue from European business, and sends most of the revenue to the Netherlands as royalties for leasing Google’s intellectual property. Another reason behind the transformation was obviously limiting risk. By separating Google into different companies, each one of them is independent of each other.
In the year 2015, the multinational tech giant Google rebranded itself as Alphabet. Although when it comes to the stock market, the company still trades there under GOOG and GOOGL. Formerly led by co-founders Larry Page and Sergey Brin, the reins of Alphabet were handed over to Sundar Pichai, the chief executive of Google, in December 2019, when the duo announced their decision to step down from management. Alphabet’s DeepMind focuses its research solely on artificial intelligence .
companies under alphabet is Alphabet’s largest subsidiary but it has a whole other division for its research and development ventures called Other Bets. The secondary division includes experimental projects like self-driving cars, health-tech — like smart contact lenses — and venture capital investments. Google acquired Nest Labs for US$3.2 billion in January 2014, when the company employed 280. As of late 2015, Nest employs more than 1,100 and added a primary engineering center in Seattle. After Google reorganized itself under the holding company Alphabet Inc., Nest operated independently of Google from 2015 to 2018.
G Suite includes Hangouts Meet, Calendar, Mail, Plus, Cloud Search, and Drive. According to Google, millions of businesses are now using the service. Diane Greene — who Google hired in 2015 — runs Google’s cloud businesses, which includes G Suite , Google Cloud Platform, and more. Project Wing is also part of Google X. The commercial drone delivery service is set to launch in 2017 and made headlines in September 2016 when it flew Chipotle burritos to Virginia Tech students. Project Wing has had its own troubles and the head of Wing, Dave Vos, left the company in October 2016. Google Capital — now known as CapitalG — is Alphabet’s growth equity investment fund.
Titan Aerospace was acquired by Google in 2014 and has since been renamed Project Titan as part of Google X. Project Titan builds solar-powered drones that are built to fly nonstop for years and beam internet around the world. Project Wing is also part of Google X. The commercial drone delivery service is set to launch in 2017, but it made headlines in September when it flew Chipotle burritos to Virginia Tech students. Google’s Self Driving Car Project has been working for the past 7.5 years to develop fully autonomous vehicles. While it’s currently a part of Google X, the self-driving car unit will become its own Alphabet company in 2016.
Alphabet has created and acquired hundreds of companies over the years, though, as we’ve covered, some continue to operate within Google. The company was formed by Google co-founders Larry Page and Sergey Brin, with the aim being to separate the brand’s other companies and ventures from the Google name and make Google “cleaner and more accountable”. Google’s Self Driving Car Project worked for the past 7.5 years to develop fully autonomous vehicles. While it began as a part of Google X, the self-driving car unit spun out into its own Alphabet company, Waymo, in December 2016. Twitter was not among the five tech companies subpoenaed in the probe over free speech issues.
Smart contact lenses
Where Jigsaw solves the world’s ‘big problems’, Sidewalk Labs focuses on the neighborhood. The company tackles issues around the cost of living, energy demand and efficient transportation. Other projects matured to become companies of their own under Alphabet like Verily, Waymo, Loon, Makani, and Wing among others. X has been the incubator for a lot of projects that now aligned with Google — including but not limited to Google Glass, Google Contact Lenses, Google Brain, Google Watch and Chronicle.
The parent holds Google, its largest subsidiary, and a number of other companies. Some of these companies are subsidiaries of Google, while others are separately owned by Alphabet. Verily, the life science arm of Alphabet is a platform that deals with organizing health data. The company is working towards developing a set of devices and technologies that include surgical robots that aim at improving human health. Through its many subsidiaries, the corporation offers facilities ranging from software applications, web-based search, enterprise solutions, hardware products, maps to advertisements. These brands range cover a wide range of areas, including software, smart home products, health and fitness research and artificial intelligence, to name a few.
It is popular for smart home products, including smart displays, smart speakers, streaming devices, smoke detectors, and other devices. Baidu is the dominant Chinese internet search engine company, offering many of the same features and services as Google. The deal closed after antitrust regulators in the European Union approved the acquisition with conditions directed at protecting users’ health data and preserving competition in the sector for wearable tech. Google stressed that the acquisition is about devices, rather than data, and made commitments that user data would not be used for Google ads. This subsidiary operates under “Moonshot factory” or “X” in Alphabet’s Other Bets category. Waymo’s 360-degree perception technology allows it to identify obstacles like pedestrians, other vehicles, or any construction work from up to several hundred yards away.
GV seeks to invest in startup companies in a variety of fields ranging from the Internet, software, and hardware to life science, healthcare, artificial intelligence, transportation, cybersecurity and agriculture. GV has offices in Mountain View, San Francisco, New York City, Cambridge, and London. Google parent Alphabet had a banner year, surpassing $200 billion in revenue for the first time. Alphabet boasted the top-performing Big Tech stock of 2021 as its shares soared by more than 65%, nearly three times the Nasdaq’s 22% gain.
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a corporate restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two founders of Google assumed executive roles in the new company, with Larry Page serving as CEO and Sergey Brin as president. Alphabet is the world’s fifth-largest technology company by revenue and one of the world’s most valuable companies.
The below chart illustrates how Google reports the diversity of its management and workforce. This shows if Google discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall, across a variety of markers. If the deal closes, it will be the second-largest acquisition in the company’s history—behind only Motorola Mobility, which it purchased in 2012 for $12.5 billion. Google expects the deal to close by 2023—assuming it gets shareholder and regulatory approval.
- The technology giants’ quarterly results released on Tuesday jumped the low bar of being better than investors feared.
- The project is run by Calico, a company under Alphabet, that stands for California Life Company.
- There are several companies under Alphabet, but some bigger division include Google, which encompasses several different divisions, and X, which helps get the “moonshot” projects off the ground.
- YouTube is now integrated into Google’s business model, representing an advertising machine that generated over $28 billion in advertising revenues in 2021.
The company was acquired by what is now Alphabet in 2014, and in June of this year, CEO Tony Fadell stepped down but remains within Alphabet. In 2017, Alphabet Inc. sued Uber over technology similar to Alphabet’s proprietary self-driving car technology. Alphabet’s autonomous vehicle technology had been under development for a decade by Alphabet’s Waymo (self-driving vehicle division). The proprietary technology is related to 14,000 documents believed to have been downloaded and stolen by a former Waymo engineer, subsequently employed by Uber.
Waymo, Alphabet’s self-driving car project, has labored for more than a decade to develop fully autonomous vehicles. While it began as a part of X, the self-driving car unit spun out into its own business in December 2016. Waymo partnered with Lyft on a self-driving ride service in the Phoenix area.
The development came after founders Larry Page and Sergey Brin stepped down from active management. Pichai stepped into Google in 2004 and took charge of some of Google’s most popular products, which include Gmail, Google Chrome browser and Android. But Pichai has done more than just keeping the lights on at Google. DeepMind is Google’s artificial intelligence and general-purpose learning algorithm company. Founded in 2011, and bought by Google in 2014, the UK-based company has been hard at work behind closed doors. Beyond the hallucinatory Google Deep Dream project, it’s largely a mystery what it’s been up to.
In order to improve the efficiency of road, parking and transit use, Sidewalk Labs uses data gathered from smartphones to identify troublesome traffic conditions — like bottlenecks and congestion. Meanwhile, Alphabet has been pouring more money into Google’s cloud business which meant less investment toward Other Bets. Its undertakings include developing neural networks, ‘curing death’, internet-beaming balloons and other semi-secret projects. Google went through a massive reorganization October 2015 when Alphabet became its parent company. As you’re probably more than aware, Google is still around and some brands, like YouTube and Fitbit, continue to fall under the Google name. However, most companies owned by the tech giant now consider Alphabet their home instead.
Under the Delaware General Corporation Law , a holding company reorganization such as this can be done without a vote of shareholders, as this reorganization was. Alphabet retains Google Inc.’s stock price history and continues to trade under Google Inc.’s former ticker symbols “GOOG” and “GOOGL”; both classes of stock are components of major stock market indices such as the S&P 500 and NASDAQ-100. Alphabet Inc. is a conglomerate today with many businesses around the company. It continues to set standards in the market and it will remain to be a company with huge revenues in many different industries. It is a research and development company that uses advanced technologies to stop diseases caused by aging. The main goal of the company is to understand biology better, which can result in a better understanding of the processes that are part of aging.