Alphabet's Verily raises $1B in funding round

Friday, 09. September 2022 20:45

Verily announced on Friday it raised $1 billion in a funding round led by its parent Alphabet Inc.

The health technology company, that was a division of Google X until 2015 when it spun off, said it will use the new capital to "support a variety of the company’s core initiatives focused on real world evidence generation, healthcare data platforms, research and care, and the underlying technology that drives this work, which all share the goal of making health care better and more tailored to individuals."

Verily also said it appointed its founder Andy Conrad as its executive chairman of the Verily board and promoted its president Stephen Gillett to the role of CEO, with the appointments set to take effect in January.

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