Koch Industries has invested more than $17 billion in technology companies beyond its traditional businesses since 2013, according to a new report.
The investments, led by Koch Equity Development, Koch Disruptive Technologies, and other core businesses, have focused on ventures related to software, network technology, data, artificial intelligence, medical technology, and 3D printing.
From Infor, a leading cloud-based enterprise software innovator helping businesses transform, to INSIGHTEC, a medical device company that manufactures an MRI-guided focused ultrasound tool that can eliminate the need for incisions in brain surgery, Koch’s investments demonstrate a long-term focus on improving people’s lives.
Rather than be disrupted by technological advancements, Koch Chief Financial Officer Steve Feilmeier told Bloomberg, Koch wants to be the one disrupting and “investing in it in a way where we better understand it.”
Read the full article from Bloomberg.