Verily Secures $300 Million, Shifts Ownership from Alphabet

Verily, a startup that builds AI tools for health care, just raised $300 million in new funding. The money came from a mix of investors, with Series X Capital leading the round and Google’s parent company Alphabet stepping back from its majority stake. Alphabet will stay involved, but as a minority partner rather than the controlling owner. The company has moved its main office from California to Dallas this year and changed its legal structure, becoming Verily Health Inc. These changes signal a fresh start as the firm focuses more on software and data solutions instead of its earlier hardware projects. Series X Capital, a venture fund created in 2024 to spin out ideas from Google’s “moonshot” lab, is now a key backer. Its founder said the firm is excited to help Verily grow as a leader in precision health, turning research into real‑world impact.Verily’s new capital will boost its AI strategy. Last year, the company announced it was winding down a line of health devices and simplifying its business model. The fresh investment should accelerate the development of AI platforms that aim to improve patient care and cut costs. Industry analysts estimate Verily’s revenue between $100 million and $500 million, after raising about $3. 8 billion overall. It already partners with major players like Samsung, Salesforce and the University of Colorado’s health system. Verily’s CEO said the funding is a milestone toward making precision medicine accessible to everyone. He thanked Alphabet, Series X Capital and other investors for joining the effort to blend clinical expertise with cutting‑edge AI.