Verily nets $300M
Dallas‑based AI health firm Verily secured a $300 million investment and is now independent from Alphabet — Alphabet is no longer the majority owner after the deal. That positions Verily to scale AI health navigation products outside Google’s direct control. (dallasnews.com)
Verily posted a corporate press release dated March 19, 2026 on its website and distributed it via Business Wire laying out the financing and strategic roadmap. (verily.com) The deal was led by Series X Capital and counted participation from Alphabet, UCHealth and the University of Colorado Anschutz among other investors. (verily.com) Series X Capital is a venture fund tied to Alphabet’s X “moonshot” lab, managed by Gideon Yu, and has raised and targeted capital in the hundreds of millions to back spinouts from X. (digitalmarketreports.com) As part of the transaction Verily changed its legal form from a limited liability company to a corporation and will operate going forward as Verily Health Inc. (verily.com) Stephen Gillett, identified in the company filing as Verily’s chairman and CEO, described the transaction as “an important step in our mission to bring the promise of precision health to everyone.” (aimmediahouse.com) Local reporting flagged the financing as among the largest healthcare‑related fundraises recorded in Texas in recent years. (dmagazine.com)
