Google’s (NSDQ:GOOGL) Verily announced today that it received a $1 billion investment led by parent company Alphabet.
South San Francisco, California-based Verily plans to use the funds to expand its businesses focused on precision health. New capital will go toward a variety of its core initiatives.
Those include real-world evidence generation, healthcare data, research and care and the underlying technology, Verily said. The company will also consider further investment in strategic partnerships, global business development and potential acquisitions.
During a recent DeviceTalks Weekly podcast, investor and advisor Steve Oesterle, formerly of Medtronic, said he was still all in on Google and Verily. Technology is the only logical way to deliver healthcare to a massive, fast-growing population, he said. “Whoever has the most data and knows how to aggregate it and analyze it is going to win in healthcare.”
Leadership changes at Verily…