{"id":218695,"date":"2026-03-24T21:48:12","date_gmt":"2026-03-24T21:48:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/218695\/"},"modified":"2026-03-24T21:48:12","modified_gmt":"2026-03-24T21:48:12","slug":"dallas-based-verily-raises-300m-ending-alphabets-controlling-stake-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/218695\/","title":{"rendered":"Dallas-Based Verily Raises $300M, Ending Alphabet’s Controlling Stake \u00bb Dallas Innovates"},"content":{"rendered":"

\"\"<\/p>\n

The lobby of Verily’s headquarters at Cypress Waters in Dallas. [Photo: Verily]<\/p>\n

Dallas-based Verily has raised a new $300 million investment round led by Series X Capital, with participation from Alphabet, UCHealth, the University of Colorado Anschutz, and other investors, for the next phase of its precision health AI strategy. With this funding round, Alphabet will now be a significant minority investor in Verily, while no longer having a controlling stake.<\/p>\n

\u201cToday is an important step in our mission to bring the promise of precision health to everyone,\u201d said Stephen Gillett, chairman and CEO of Verily, . \u201cFrom research to care, our customers need solutions that bring the best of clinical and scientific rigor together with AI to deliver the next generation of healthcare\u2014one that is as precise as it is personal.\u201d<\/p>\n

\u201cSeries X Capital, Alphabet, UCHealth, the University of Colorado Anschutz and our many investors will be fantastic partners in this transformation of healthcare,\u201d Gillett added in a statement.<\/p>\n

\"\"<\/p>\n

Verily Chairman and CEO Stephen Gillett [Photo: Verily]<\/p>\n

With the investment, Verily has transitioned its legal structure from an LLC to a corporation, and will now operate as Verily Health Inc. The company said it aims to boost its AI-native precision health platform strategy and roadmap to help customers streamline their healthcare data, while modeling and deploying actionable intelligence into research and care workflows.<\/p>\n

Verily is headquartered in the Cypress Waters development in Dallas, just southeast of Coppell. The company relocated its HQ<\/a> from South San Francisco in 2024, bridging its East and West Coast operations in North Texas while maintaining its presence in the Bay Area.<\/p>\n

Using AI to transform healthcare<\/p>\n

Recently, Verily has established several commercial partnerships, including a new collaboration with Samsung\u2019s Galaxy Watch to help life sciences customers advance clinical research through biomarker development on the Pre platform. The company has also announced a strategic partnership with Salesforce for the integration of the Verily Pre Platform with Agentforce Health to fuel enterprise precision health solutions.<\/p>\n

Verily said the new partnerships are strengthened by its recent collaboration with UCHealth, the University of Colorado Anschutz, and RefinedScience, who are using the Verily Pre platform for AI-driven research and care transformation.<\/p>\n

Gideon Yu, founder and managing partner of Series X Capital, said his firm \u201cwas established in collaboration with Google\u2019s X, The Moonshot Factory, to scale moonshot technologies into consequential, world-changing companies.\u201d He added that his firm is \u201cextremely excited to lead this milestone round for Verily, as they drive commercial momentum as a leader in precision health.\u201d<\/p>\n

\u2018A generational opportunity\u2019<\/p>\n

Graduating from Google X 10 years ago as one of Alphabet\u2019s earliest \u201cOther Bets,\u201d Verily focuses on breakthrough science and health tech innovation.<\/p>\n

\u201cAt Alphabet, we applaud Verily\u2019s tenacity in using technology to address longstanding challenges in the healthcare industry,\u201d said Ruth Porat, president and. chief investment officer at Alphabet and Google. \u201cBringing in new investors, alongside Alphabet\u2019s ongoing involvement, enables Verily to further scale the business to help improve patient outcomes and lower the cost of healthcare delivery through their AI health platform.\u201d<\/p>\n

Richard Zane, MD, UCHealth chief medical and innovation Officer, said that collaborating with Verily to craft a data framework \u201ccreates a generational opportunity\u201d to improve medicine.<\/p>\n

\u201cThis collaboration helps unlock the long\u2011promised potential of personalized care,\u201d Zane added, \u201cbenefiting our patients and, ultimately, all patients. It will save lives, and we\u2019re eager to get started.\u201d<\/p>\n

Other recent moves by Verily<\/p>\n

Last October, Verily launched a new consumer health app, Verily Me<\/a>, designed to close gaps in care and enable people to stay informed and engaged in their health journey over time. Last April, Verily received a $14.7 million grant<\/a> from The Michael J. Fox Foundation for Parkinson\u2019s Research. The grant\u2019s goal is to generate a comprehensive molecular dataset to advance Parkinson\u2019s disease research.<\/p>\n

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