Exclusive: Verily raises $300M, sheds Alphabet’s majority control

Source: endpoints.news

Verily, Alphabet's precision health arm, just closed a $300M funding round that reduces Alphabet's majority ownership, marking a big step toward operational independence. This cash infusion powers its shift to AI, data infrastructure, and chronic care solutions amid ongoing restructuring. It signals investor confidence in Verily's pivot, even after tough cuts like shutting down its devices business.