Ontario Teachers’ joins $1 bln financing of Alphabet's Verily
Verily Life Sciences, a life sciences research and engineering organization held by Alphabet Inc, the parent company of Google, has raised US$1 billion in financing. The round was led by U.S. technology private equity firm Silver Lake Partners. It was joined by other new investors, including Ontario Teachers’ Pension Plan. South San Francisco-based Verily develops tools and platforms that collect and organize health data to help improve healthcare delivery and clinical outcomes. The company will use the funds raised to support growth in key areas, including investments in strategic partnerships, global business development opportunities, and potential acquisitions.
4 January 2019•3 mins read
