Google Cloud CEO Thomas Kurian. Photo credit: Oracle PR on Flickr, under Creative Commons license

Google Cloud, the cloud division of tech giant Google, has announced that it’ll invest $100 million in Amwell, a telehealth company, as part of a broader cloud services partnership between both companies. Under the partnership, Amwell has been selected as Google Cloud’s preferred global telehealth platform partner, with Amwell returning the favor by selecting Google Cloud as its preferred global cloud platform. Amwell is a telehealth platform currently used by more than 2,000 hospitals in the US.

Google’s proposed investment in Amwell comes just on the heels of the company submitting a formal filing for a public listing with the U.S. Securities and Exchanges Commission. Investment banks Morgan Stanley, Goldman Sachs, and Piper Sandler are acting as lead underwriters for the company’s public listing.

As a private company, Amwell has before now raised about $700 million in equity funding. The company’s S-1 filing shows roughly $149 million in revenues in 2019 and $88 million in losses in the same year.