Alphabet health company Verily bolsters warchest with another $700 million

Alphabet health company Verily bolsters warchest with another $700 million
CNBC
12/17/2020
Jennifer Elias
Alphabet's life sciences arm Verily says it has raised $700 million of fresh capital in its latest funding round.
It comes nearly two years after raising $1 billion from the same external investors.
The company says the funds will go toward expanding research including its insurance efforts and its healthcare platform Baseline, which it has used for Covid-19 research.
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Dr. Jessica Mega, Verily's chief medical officer
Verily, the life sciences arm of Alphabet, has raised $700 million in fresh capital to expand its commercial business, including its clinical healthcare platform Baseline, which it has used for Covid-19 research.

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