Verily has raised $300 million in new, outside funding that ends parent company Alphabet’s controlling position in the healthcare innovation company, Endpoints News has learned exclusively. The funding round was led by Series X Capital, a venture fund formed with Google’s X moonshot lab, along with participation from Alphabet, UCHealth, the University of Colorado Anschutz and other investors, Verily said Thursday. Alphabet remains a significant minority investor. Verily has been making moves to step out of Alphabet’s shadow, with plans to eventually go public.
Read the full article: Verily Raises $300M, Sheds Alphabet’s Majority Control //
Source: https://endpoints.news/verily-raises-300m-sheds-alphabets-majority-control/