By Andrea Park | Becker’s Health IT and CIO Report | October 29, 2019
Of the top 10 large technology companies pouring millions into digital health startups, Google, Microsoft and Tencent are collectively responsible for more than 70 percent of the deals made by the cohort, a new CB Insights report finds.
Google leads its fellow tech giants in the number of companies in which it has invested, with 57 digital health startups in its portfolio. Google’s investments in the sector focus on genomics, clinical research and insurance and benefits.
Microsoft has also shifted in recent years to focus on genomics, according to the report, with a significant portion of its investments also going to startups developing data management and analytics solutions. Microsoft’s strategy differs from Google’s in that, rather than investing via corporate funds, the majority of Microsoft’s investment stem from its accelerator and incubator programs.
In addition to Tencent, which counts the third-highest number of digital health companies in its portfolio, rounding out the 10 big tech companies with the most extensive investments in digital health are Intel, Samsung, Alibaba, Amazon, Comcast, Facebook and Cisco.
View the full report here.