Alphabet’s Verily raises $1 billion as tech giants enter red hot healthcare sector

Verily, the life sciences business under Alphabet, said Friday that it has raised $1 billion, capital that will be used to expand its data-driven healthcare products tailored to individuals.
The round was led by Alphabet, the company said in its announcement.
Verily also announced changes to its executive team that will go into effect January 2023. The company’s founder Andy Conrad will become executive chairman of the Verily board. Stephen Gillett, who is president of the company, will be promoted to CEO. Gillett initially joined Verily as an operational advisor and to lead the company&

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