Exclusive: Verily raises $300M, sheds Alphabet’s majority control
Source: endpoints.news
- Verily raises $300M in fresh funding, diluting Alphabet's majority stake and paving the way for outside investors.
- The round sheds Alphabet's controlling interest, boosting Verily's independence while fueling AI-driven precision health expansion.
- Leadership stays steady under CEO Stephen Gillett as Verily pivots from hardware to scalable data platforms.
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.