Verily raises $300M amid funding shake-up
Alphabet-backed Verily secured a $300M injection led by Series X Capital, with Alphabet retaining investment but reportedly losing controlling stake — a notable shift in health-tech capital and corporate exposure. The deal signals continued investor appetite for deep‑tech health plays but also potential governance changes at legacy tech/health hybrids. (x.com)
Verily’s own March 19, 2026 announcement records a legal conversion from an LLC to a corporation and the official adoption of the name Verily Health Inc. (verily.com) The company’s release lists Stephen Gillett as Chairman and CEO and quotes him on accelerating an “AI‑native precision health platform” roadmap. (verily.com) Verily highlighted commercial tie‑ups that will feed its platform work, including a collaboration with Samsung’s Galaxy Watch for biomarker development and an announced integration of the Verily Pre platform with Salesforce’s Agentforce Health. (verily.com) The company named UCHealth, the University of Colorado Anschutz, and RefinedScience as early users of its Verily Pre platform for AI‑powered research and care transformation. (verily.com; beckershospitalreview.com) Series X Capital — led by Gideon Yu and described in Verily’s materials as established in collaboration with Google’s X, The Moonshot Factory — is the strategic backer the company cites for scaling “moonshot” technologies into standalone businesses, and the fund has publicly been reported to have raised in excess of $500 million to back X spinouts. (verily.com; techcrunch.com) The announcement frames the Verily Pre product as an AI‑native infrastructure layer designed to harmonize fragmented health data and deploy actionable intelligence into research and care workflows. (verily.com) Verily’s strategic pivot toward software and AI follows a 2025 decision to wind down its medical‑device manufacturing program and related staff reductions, a move the company and industry coverage said was intended to reallocate resources toward platform and AI development. (engadget.com)
