Verily Life Sciences Raises $1B in Series D

Verily Life Sciences has successfully raised $1B in a Series D at a $6B valuation led by Temasek, Silver Lake, Ontario Teachers.

Company Overview

Verily Life Sciences is a HealthTech company headquartered in South San Francisco, CA, founded in 2015 with 1500+ employees.

Precision health and life sciences research

Fundraising Details

Amount Raised: $1B
Round Type: Series D
Valuation: $6B
Date: 2022-01-12
Investors: Temasek, Silver Lake, Ontario Teachers

About Verily Life Sciences

Precision health and life sciences research The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: South San Francisco, CA
Founded: 2015
Team Size: 1500+
Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Verily Life Sciences's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Verily Life Sciences's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $6B valuation marks an important milestone for Verily Life Sciences, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Verily Life Sciences is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2022-01-12. For more information about Verily Life Sciences, visit their headquarters at South San Francisco, CA.