{"id":221505,"date":"2026-03-26T14:20:17","date_gmt":"2026-03-26T14:20:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/221505\/"},"modified":"2026-03-26T14:20:17","modified_gmt":"2026-03-26T14:20:17","slug":"dallas-ai-health-firm-verily-nabs-300m-investment-alphabet-no-longer-majority-owner","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/221505\/","title":{"rendered":"Dallas AI health firm Verily nabs $300M investment; Alphabet no longer majority owner"},"content":{"rendered":"<p class=\"body-text-paragraph\">Verily, a technology company working on AI health solutions, announced last week it had secured $300 million in investment, bumping Google parent company Alphabet from majority ownership. <\/p>\n<p class=\"body-text-paragraph\">The company <a href=\"https:\/\/www.dallasnews.com\/business\/health-care\/2024\/07\/24\/google-life-sciences-offshoot-verily-moving-corporate-headquarters-to-dallas\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.dallasnews.com\/business\/health-care\/2024\/07\/24\/google-life-sciences-offshoot-verily-moving-corporate-headquarters-to-dallas\/\">moved its headquarters from the Bay Area to Dallas<\/a> in 2024. As part of the investment, Verily has transitioned from an LLC to a corporation under the name of Verily Health Inc.<\/p>\n<p class=\"body-text-paragraph\">The funding round was led by Series X Capital, and while Alphabet was also a participant, it will no longer hold a controlling stake but will remain a significant minority investor. Other participants include UCHealth and the University of Colorado Anschutz.<\/p>\n<p class=\"body-text-paragraph\">\u201cAt Alphabet, we applaud Verily\u2019s tenacity in using technology to address longstanding challenges in the healthcare industry,\u201d said Ruth Porat, President &amp; Chief Investment Officer of Alphabet and Google in a release. \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<p>Business Briefing<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__3beff secondaryRoman secondaryRoman-20 text-center text-gray-dark\">Become a business insider with the latest news.<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__8MgJa flex flex-wrap text-gray-dark secondaryRoman secondaryRoman-10 text-center justify-center\">By signing up, you agree to our\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/terms-of-service\/\" rel=\"nofollow noopener\" target=\"_blank\">Terms of Service<\/a>\u00a0and\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/privacy-policy\" rel=\"nofollow noopener\" target=\"_blank\">Privacy Policy.<\/a><\/p>\n<p class=\"body-text-paragraph\">The company is a graduate of Google X, the research and development incubator for ambitious \u201cmoonshot\u201d technologies best known for launching <a href=\"https:\/\/www.dallasnews.com\/business\/autos\/2026\/02\/24\/waymo-robotaxis-are-now-available-to-ride-in-dallas\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.dallasnews.com\/business\/autos\/2026\/02\/24\/waymo-robotaxis-are-now-available-to-ride-in-dallas\/\">robotaxi operator Waymo<\/a>, among other projects. <\/p>\n<p class=\"body-text-paragraph\">Series X Capital is a venture capital fund founded in 2024 with the exclusive rights to turn Google X technologies into independent companies. <\/p>\n<p class=\"body-text-paragraph\">\u201cSeries X Capital was established in collaboration with Google\u2019s X, The Moonshot Factory to scale moonshot technologies into consequential, world-changing companies. We are extremely excited to lead this milestone round for Verily, as they drive commercial momentum as a leader in precision health,\u201d said Gideon Yu, Founder and Managing Partner of Series X Capital.<\/p>\n<p class=\"body-text-paragraph\">Verily says the new investment will accelerate its AI strategy, months after <a href=\"https:\/\/www.businessinsider.com\/alphabets-verily-lays-off-staff-cuts-its-devices-program-2025-8\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.businessinsider.com\/alphabets-verily-lays-off-staff-cuts-its-devices-program-2025-8\">Business Insider reported the company would wind down its health devices program<\/a>. The company has been streamlining and simplifying its business over the past few years, according to a spokesperson\u2019s statement to BI. <\/p>\n<p class=\"body-text-paragraph\">While Verily\u2019s valuation is unknown, <a href=\"https:\/\/www.crunchbase.com\/organization\/verily-2#overview\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.crunchbase.com\/organization\/verily-2#overview\">Crunchbase<\/a> estimates its revenue to be between $100 million and $500 million. It has raised a total of $3.8 billion in funding, and has announced partnerships with Samsung\u2019s Galaxy Watch, Salesforce, and the University of Colorado\u2019s health system and medical campus. <\/p>\n<p class=\"body-text-paragraph\">\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 &#8211; one that is as precise as it is personal. Series X Capital, Alphabet, UCHealth, the University of Colorado Anschutz and our many investors will be fantastic partners in this transformation of healthcare.\u201d<\/p>\n<p><a class=\"dmnc_features-article-body-embeds-subject-tag-list-with-images-list-with-images-module__P4zn3 inline-block pr-8 shrink-0 w-auto flex flex-col\" href=\"https:\/\/www.dallasnews.com\/business\/2026\/03\/23\/tenet-healthcare-wins-legal-victory-over-unfair-and-deceptive-hospital-safety-grades\/\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" style=\"aspect-ratio:190 \/ 127\" class=\"dmnc_features-article-body-embeds-subject-tag-list-with-images-list-with-images-module__6H-hI dmnc_images-modern-image-module__QFaG- max-w-full h-auto text-white dmnc_images-modern-image-module__9Zlll bg-gray-light object-contain\" width=\"190\" height=\"127\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/03\/FSHP7PVZGFHH3JV53F3CHR2MQ4.JPG\" alt=\"The building housing Tenet Healthcare's headquarters stands next to the Dallas North...\"\/><\/a><a href=\"https:\/\/www.dallasnews.com\/business\/2026\/03\/23\/tenet-healthcare-wins-legal-victory-over-unfair-and-deceptive-hospital-safety-grades\/\" rel=\"nofollow noopener\" target=\"_blank\">Tenet Healthcare wins legal victory over \u2018unfair and deceptive\u2019 hospital safety grades<\/a><\/p>\n<p>The ruling could have major implications for the healthcare industry and broader consumer ratings system. <\/p>\n<p><a class=\"dmnc_features-article-body-embeds-subject-tag-list-with-images-list-with-images-module__P4zn3 inline-block pr-8 shrink-0 w-auto flex flex-col\" href=\"https:\/\/www.dallasnews.com\/business\/health-care\/2026\/03\/19\/her-4-year-old-son-had-successful-heart-surgery-a-few-months-later-he-suddenly-died\/\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" style=\"aspect-ratio:190 \/ 127\" class=\"dmnc_features-article-body-embeds-subject-tag-list-with-images-list-with-images-module__6H-hI dmnc_images-modern-image-module__QFaG- max-w-full h-auto text-white dmnc_images-modern-image-module__9Zlll bg-gray-light object-contain\" width=\"190\" height=\"127\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/03\/2LIBYS4BFZHOHJNBGJXZ6C4TNQ.jpg\" alt=\"Lindsay Wessinger and her 14-year-old daughter Emma Autry pose for a photo in their Wylie,...\"\/><\/a><a href=\"https:\/\/www.dallasnews.com\/business\/health-care\/2026\/03\/19\/her-4-year-old-son-had-successful-heart-surgery-a-few-months-later-he-suddenly-died\/\" rel=\"nofollow noopener\" target=\"_blank\">Her 4-year-old son had successful heart surgery. A few months later, he suddenly died<\/a><\/p>\n<p>A North Texas family thought their youngest child was out of the woods. They didn\u2019t know a heart infection was setting in.<\/p>\n","protected":false},"excerpt":{"rendered":"Verily, a technology company working on AI health solutions, announced last week it had secured $300 million in&hellip;\n","protected":false},"author":2,"featured_media":221506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[222,102,104,103,1562,36133,3621],"class_list":["post-221505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-ai-artificial-intelligence","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-health-care","tag-investments","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/221505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=221505"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/221505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/221506"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=221505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=221505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=221505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}