Verily
Date | Investors | Amount | Round |
---|---|---|---|
$800m Valuation: $1.6b | Growth Equity VC | ||
$1.0b | Growth Equity VC | ||
$700m | Growth Equity VC | ||
* | $1.0b | Growth Equity VC | |
Total Funding | AUD5.4b |
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Recent News about Verily
EditVerily Life Sciences, a subsidiary of Alphabet Inc., is a health-focused technology company that aims to improve health outcomes through the integration of technology, data science, and clinical expertise. The company operates in the precision health market, which uses data from various sources to tailor healthcare interventions to individuals or communities. Verily's mission is to uncover new insights about health and disease, ultimately bringing the promise of precision health to everyone.
Verily serves a diverse range of clients, including healthcare providers, researchers, public health authorities, and patients. The company collaborates with government bodies, such as the California Governor's office, and federal and local public health authorities, particularly evident in their COVID-19 initiatives. Verily's business model revolves around leveraging advanced technology and data analytics to offer innovative health solutions. This includes clinical research, care management, and the development of medical devices.
The company generates revenue through several streams. These include partnerships and collaborations with healthcare organizations, government contracts, and the commercialization of their health technology solutions. For instance, Verily's Baseline Platform is used for clinical research and COVID-19 testing programs, which have been pivotal during the pandemic. Additionally, their Onduo platform addresses social determinants of health, aiming to improve health equity.
Verily's approach to precision health involves collecting and analyzing data from both clinical (medical) and non-clinical (lifestyle and environmental) sources. This comprehensive data collection helps in identifying the most effective health interventions for individuals and communities. The company is also committed to maintaining high standards of security and privacy in handling health data, as evidenced by their clinical lab's accreditation from the College of American Pathologists.
Keywords: Precision Health, Data Science, Clinical Research, Health Technology, COVID-19 Testing, Health Equity, Medical Devices, Public Health, Data Analytics, Health Outcomes.