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Alphabet’s Verily raises $1 billion as tech giants enter red hot healthcare sector

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Verily, the life sciences business under Alphabet, said Friday that it has raised $1 billion, capital that will be used to expand its data-driven healthcare products tailored to individuals.
The round was led by Alphabet, the company said in its announcement.
Verily also announced changes to its executive team that will go into effect January 2023. The company’s founder Andy Conrad will become executive chairman of the Verily board. Stephen Gillett, who is president of the company, will be promoted to CEO. Gillett initially joined Verily as an operational advisor and to lead the company’s cybersecurity efforts. At the time, he was co-founder and CEO of Chronicle, an Alphabet cybersecurity company that is now part of Google Cloud.
Deepak Ahuja is leaving the CFO spot by the end of the month. Ahuja, the former and first CFO at Tesla, has been hired as …

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