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Verily

From Wikipedia, the free encyclopedia
Life sciences research organization

Verily Life Sciences LLC
Former headquarters inSouth San Francisco, California
FormerlyGoogle Life Sciences
Company typeSubsidiary
Industry
FoundedDecember 7, 2015; 10 years ago (2015-12-07)
HeadquartersDallas, Texas
Key people
Stephen Gillett (CEO)
RevenueUS$559 million (2022)
−US$568 million (2022)
OwnerGoogle Inc. (until 2015)
Alphabet Inc. (2015–present)
Number of employees
c. 1,100 (2023)
ParentAlphabet Inc.
SubsidiariesLift Labs
Websiteverily.com
Footnotes / references
[1][2]

Verily Life Sciences LLC also known asVerily (formerlyGoogle Life Sciences), isAlphabet Inc.'s research organization devoted to the study oflife sciences.[3][4] The organization was formerly a division ofGoogle X, and as of December 2024, is operating as a standalone company under Alphabet.

History

[edit]

On 9 September 2014, the then-Google X division Google Life Sciences acquired Lift Labs, the makers ofLiftware.[5]

On August 10, 2015,Sergey Brin announced that the organization would become an independent subsidiary ofAlphabet Inc.[6] On December 7, 2015, Google Life Sciences was renamed Verily.[7][8]

Verily Life Sciences in January 2019 raised $1 billion in funding.

At the end of 2019, Verily sold its stake inrobot-assisted surgery joint venture Verb Surgical to development partnerJohnson & Johnson.[9]

In August 2020, Verily announced that it is entering into the insurance market with the launch of Coefficient Insurance Company. The new subsidiary will be backed by Swiss Re Group's commercial insurance unit.[10]

In August 2021, Verily acquired SignalPath.[11]

In October 2022, the first patient was screened fordiabetic retinopathy at the Baton Rouge Clinic using Verily Retinal Service.[12]

In September 2022, Verily announced longtime CEO Andy Conrad would step down as CEO in January 2023, to be replaced byStephen Gillett[13] who became CEO on January 3, 2023.[14]

In January 2023, fifteen percent of Verily's workforce was laid off as part of a broader restructuring by parent company, Alphabet.[15]The Information reported in August that Gillett had told employees they would stop relying on Alphabet on "a wide range of corporate services", signaling a potentialspin-out as an independent company.[16]

In October 2023, theCenters for Disease Control and Prevention selected Verily to support the agency’s National Wastewater Surveillance System.[17]

In June 2024, Verily decided to close its operations in Israel three years after opening a research and development center in the country. Verily staff in Israel are expected to leave by the third quarter of 2024. The company cited an effort to refocus its strategy on core products and projects as the reason for the closure.[18]

In August 2024, Verily moved its headquarters from South San Francisco toDallas citing significant investment and involvement in the Texas healthcare and technology sectors.[19] As of December 2024, Verily is acting as a standalone company under Alphabet.[20]

In September 2024, Verily expanded its wastewater testing services to Europe through a partnership withBangor University in Wales.[21]

In October 2024, a Verily-led data and technology consortium received a $4.8M award from theNational Institutes of Health.[22]

In January 2025, Verily signed an agreement to sell its stop-loss insurance unit, Granular, to Elevance.[23]

Potential spinoff

[edit]

Reuters reported in August 2023 that Alphabet spinning off Verily was seen as possible after Verily CEO Stephen Gillett announced it would end ties to several of Alphabet's services.[24] In October 2025, Google executive Heather Adkins stated that the company is in the process of selling or spinning off Verily.[25]

Projects

[edit]

Discontinued

[edit]
  • Contact lenses that allow people with diabetes to continually check their glucose levels using a non-intrusive method.[35] On November 16, 2018, Verily announced it discontinued this project.[36]
  • Smart shoes for health tracking and fall detection[37]
  • Skin research withL’Oréal[38]
  • A disease-detectingnanoparticle platform[39] working with the wristband, a project calledTricorder.[40]

See also

[edit]

References

[edit]
  1. ^Tanna, Shivani (August 16, 2023)."Alphabet's Verily plans cost cuts amid pressure on Other Bets unit - WSJ".Reuters.
  2. ^"Verily Life Sciences LLC".OpenCorporates. August 3, 2015. RetrievedAugust 19, 2023.
  3. ^"NIH Director?s Statement Regarding Dr. Thomas Insel?s Departure - the NIH Director - National Institutes of Health (NIH)". Archived fromthe original on September 18, 2015. RetrievedSeptember 15, 2015.
  4. ^Carey, Benedict (September 15, 2015)."Head of Mental Health Institute Leaving for Google Life Sciences".New York Times.
  5. ^Chowdhry, Amit (September 10, 2014)."Google Continues To Build Upon Its Life Sciences Ecosystem".forbes.com. RetrievedSeptember 13, 2014.
  6. ^Brin, Sergey."Google+ Post".
  7. ^"Google Life Sciences debuts a new name, Verily".STAT. December 7, 2015. RetrievedDecember 7, 2015.
  8. ^"Introducing Verily".YouTube. December 7, 2015. RetrievedDecember 24, 2017.
  9. ^Hale, Conor (December 20, 2019)."Johnson & Johnson to take over Verb Surgical, its robotics venture with Verily".FierceBiotech.com.Archived from the original on January 8, 2020. RetrievedJanuary 7, 2020.
  10. ^Peters, Jay (August 25, 2020)."Verily, Google's health-focused sister company, is getting into insurance".The Verge. RetrievedSeptember 16, 2020.
  11. ^Park, Andrea (August 17, 2021)."Verily logs first major buyout, folding SignalPath trial management system into Baseline platform | Fierce Biotech".www.fiercebiotech.com. RetrievedJuly 13, 2025.
  12. ^Meyers, Katy (December 9, 2022)."World Sight Day: Screening Patients with Verily's Retinal Service".Baton Rouge Clinic. RetrievedJuly 13, 2025.
  13. ^Alba, Love (September 9, 2022)."Alphabet's Verily Raises $1 Billion and Shakes Up Leadership Team".Bloomberg News.
  14. ^Scott (January 12, 2023)."New Verily Life Sciences CEO to Cut 15% of Staff, Shake Up C-Suite".
  15. ^Weise, Karen; Grant, Nico; Isaac, Mike (March 8, 2023)."The Perils of Working on a C.E.O.'s Pet Project".The New York Times.ISSN 0362-4331. RetrievedMarch 13, 2023.
  16. ^Victor, Jon (August 17, 2023)."Alphabet's Verily Moves Toward Spinoff as Revenue Surges".The Information.Archived from the original on August 17, 2023. RetrievedAugust 21, 2023.
  17. ^CDC (November 6, 2024)."About CDC's National Wastewater Surveillance System (NWSS)".Centers for Disease Control and Prevention. RetrievedJuly 13, 2025.
  18. ^Robins-Early, Nick (June 28, 2024)."Google's biotech company pulls out of Israel but says Gaza war not the reason".The Guardian.ISSN 0261-3077. RetrievedJune 29, 2024.
  19. ^"Another Bay Area tech company plans to move headquarters to Texas".The San Francisco Chronicle.
  20. ^Dodge, Blake; Langley, Hugh."Verily's plan for 2025: Raise money, pivot to AI, and break up with Google".Business Insider. RetrievedJuly 13, 2025.
  21. ^Sohail, Syed Hamza (September 18, 2024)."Verily Expands Wastewater Surveillance Testing to Europe". RetrievedJuly 13, 2025.
  22. ^"The NIH Venture Program Announces First Award for the SysBio Initiative | NIH Common Fund".commonfund.nih.gov. RetrievedJuly 13, 2025.
  23. ^Minemyer, Paige (February 10, 2025)."Elevance Health to acquire Verily's stop-loss insurance unit".www.fiercehealthcare.com. RetrievedJuly 13, 2025.
  24. ^Ramaswamy, Anita (August 29, 2023)."Breakingviews - Alphabet moonshots are ready for launch".Reuters. RetrievedOctober 3, 2025.
  25. ^Nylen, Leah; Arroyo, Carmen (October 2, 2025)."Alphabet Plans Sale, Spinoff of Verily Unit, Executive Says".Bloomberg. RetrievedOctober 3, 2025.
  26. ^"Verily Life Sciences".verily.com. RetrievedFebruary 15, 2017.
  27. ^"Dexcom G7 CGM - Powerfully simple diabetes management".Dexcom. RetrievedJune 28, 2023.
  28. ^"Verily Life Sciences".verily.com. Archived fromthe original on September 7, 2023. RetrievedFebruary 15, 2017.
  29. ^Ackerman, Evan (March 3, 2016)."Google and Johnson & Johnson Conjugate to Create Verb Surgical, Promise Fancy Medical Robots".IEEE Spectrum. RetrievedMarch 3, 2016.
  30. ^Rushe, Dominic (November 25, 2014)."Google launches 'smart' spoon to help steady shaking hands".The Guardian. RetrievedNovember 25, 2014.
  31. ^"Liftware Steady | Liftware".www.liftware.com. RetrievedJune 28, 2023.
  32. ^Kaiser, Jocelyn (July 28, 2014)."Google X sets out to define healthy human | Science/AAAS | News".news.sciencemag.org. RetrievedSeptember 13, 2014.
  33. ^"Sanofi and Verily Life Sciences Announce Launch of Onduo, a Joint Venture to Develop Comprehensive Diabetes Management Platform - Sep 12, 2016".news.sanofi.us. RetrievedAugust 16, 2018.
  34. ^"Verily Life Sciences".verily.com. RetrievedMarch 8, 2023.
  35. ^Brian Otis; Babak Parviz (January 16, 2014)."Introducing our smart contact lens project".Google. RetrievedJanuary 17, 2014.
  36. ^Brian Otis (November 16, 2018)."Update on our Smart Lens program with Alcon". Verily Blog. Archived fromthe original on May 31, 2019. RetrievedNovember 21, 2018.
  37. ^Li, Abner (February 1, 2019)."Verily developing smart shoes for health and weight tracking, fall detection".9to5Google. RetrievedFebruary 1, 2019.
  38. ^"Verily and L'Oréal team up on skin research and new digital tools".MobiHealthNews. January 20, 2022. RetrievedJanuary 30, 2022.
  39. ^Gibbs, Samuel (October 29, 2014)."Google is developing a cancer and heart attack-detecting pill".The Guardian. RetrievedJanuary 20, 2015.
  40. ^"'Silicon Valley arrogance'? Google misfires as it strives to turn Star Trek technology into reality". June 6, 2016.
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