Verily Secures $300 Million, Shifts Ownership from Alphabet

A $300 million investment led by Series X Capital has taken Verily, the AI‑driven healthcare startup, to a new phase. Alphabet, formerly the majority owner, will now hold a minority stake.

Leadership Shift
Series X Capital, a venture arm launched in 2024 from Google’s “moonshot” lab, is the primary backer.
Alphabet remains involved but as a minority partner.
Corporate Moves
Headquarters relocated from California to Dallas.
Rebranded as Verily Health Inc. after changing its legal structure.

Strategic Focus
Pivot from hardware to software and data solutions.
Accelerate AI platforms aimed at enhancing patient care and reducing costs.
Financial Snapshot
Expected revenue: $100 million–$500 million.
Total capital raised to date: ~$3.8 billion.
Partnerships
Collaborations with Samsung, Salesforce, and the University of Colorado’s health system.
Vision
CEO emphasizes making precision medicine accessible to all, thanking Alphabet, Series X Capital, and other investors for supporting this mission.

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