Industry Bulletins | February 22, 2019
Alphabet’s Life Sciences Arm Verily Raises $1 Billion
Verily—a life sciences subsidiary of Alphabet—recently raised $1 billion in funding led Silver Lake. Silver Lake is a private equity and venture debt firm based out of Menlo Park, California.
The funds will be used to further Verily’s work with applying emerging technologies to solve problems in health care and biology. Going hand-in-hand with the announcement of Verily’s funding, Silver Lake CFO Ruth Porat and managing director Egon Durban will be joining Verily’s operating board. Regarding this move, Verily CEO Andrew Conrad remarked that it will help Verily continue its work in health . . .