Silver Lake and Ontario Teachers’ Pension Plan backed a round that will fund acquisitions for Verily as well as the expansion of its strategic partnerships.
Verily, internet and technology group Alphabet’s US-based life sciences subsidiary, raised $1bn yesterday in a round led by private equity firm Silver Lake.
Ontario Teachers’ Pension Plan also participated in the round, as did undisclosed investment management firms, while Goldman Sachs was Verily’s financial adviser for the fundraise. The company has not disclosed the valuation at which it received the funding.
Formed in 2015 out of Alphabet’s moonshot division, Google X, Verily is tasked with applying the firm’s data science…
