Verily announces USD 1 billion investment round

Verily, an Alphabet portfolio company, has closed a $1 billion external funding round led by Silver Lake. The capital will be used to invest in strategic partnerships, in business development, and acquisitions.

Verily, an Alphabet portfolio company, has closed a $1 billion external funding round led by Silver Lake. The capital will be used to invest in strategic partnerships, in business development, and acquisitions.

The company produces tools to analyse healthcare data, and works with life sciences, medical device, and government organisations. It principally targets diseases that affect large populations.