
Verily, now known as Verily Health Inc., is an independent healthcare technology company. Alphabet Inc. (NASDAQ: GOOGL) was its founding parent but in March 2026 became a significant minority investor after a $300 million funding round led by Series X Capital. Verily is headquartered in Dallas, Texas and led by CEO Stephen Gillett. The company focuses on AI-driven precision health platforms for clinical research and patient care.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Verily | Alphabet Inc. | Private company |
Verily's origins trace to Google's early interest in healthcare data. In 2013, Google established a formal life sciences research group led by Andy Conrad, a molecular biologist who had co-founded the National Genetics Institute. The team worked on projects including a smart contact lens for glucose monitoring (partnered with Novartis), nanoparticle-based cancer detection, and aging research.
In August 2015, Google announced its corporate restructuring into Alphabet Inc., and the life sciences group became Verily Life Sciences, an independent subsidiary. The restructuring gave Verily its own leadership, financial reporting, and a mandate to build commercial products rather than function as a pure research unit.
Under Conrad, Verily launched Project Baseline, a longitudinal health study partnered with Duke University and Stanford Medicine. The company also built Onduo, a virtual diabetes management platform created with Sanofi. These programs gave Verily early commercial revenue from pharmaceutical and healthcare system customers.
In 2019, Verily raised $1 billion from Silver Lake and other investors at a valuation of approximately $7.5 billion. It was the largest external capital raise by an Alphabet Other Bets company at the time. Verily raised another $1 billion in 2022.
The company faced significant growing pains. In January 2023, Verily laid off approximately 15% of its workforce, cutting roughly 240 employees. The restructuring was part of broader cost discipline across Alphabet and the technology sector. Verily also discontinued several high-profile projects, including the smart contact lens glucose monitoring partnership with Novartis, which ended in 2018.
Stephen Gillett replaced Conrad as CEO in 2022 and accelerated the shift toward commercial focus. Verily divested non-core businesses, including Granular, its insurance subsidiary. The company consolidated its technology around the Verily Pre platform, which serves as the data and technical foundation for all Verily solutions.
By 2024, Verily moved its headquarters from South San Francisco to Dallas, Texas. The relocation reflected the company's evolving identity as an independent health technology company rather than a Silicon Valley research lab.
In March 2026, Verily announced the $300 million funding round and its transition to an independent corporation. The company also announced partnerships with Samsung (integrating Galaxy Watch 8 sensor data into the Verily Pre platform), Salesforce (integrating with Agentforce for Health), and Nvidia (integrating AI technology to speed up research and analysis). Verily was named to the Fierce 50 of 2025 list of innovative healthcare companies.
What does Alphabet own?
Alphabet owns Google and its products including Search, YouTube, Android, Chrome, Gmail, Google Maps, Google Cloud, Google Workspace, Pixel hardware, and Nest. It also owns Waymo, Verily, and other early-stage ventures under the Other Bets umbrella. The Gemini AI platform is developed by Google DeepMind, an Alphabet subsidiary.
Is Alphabet publicly traded?
Yes. Alphabet trades on NASDAQ under GOOGL (Class A, one vote per share) and GOOG (Class C, no votes). The company has been publicly traded since Google's IPO in August 2004 at $85 per share.
Who founded Alphabet?
Alphabet was formed in 2015 through a restructuring of Google, which was founded in 1998 by Larry Page and Sergey Brin at Stanford University. Sundar Pichai has served as CEO of both Alphabet and Google since December 2019.
Where is Alphabet headquartered?
Alphabet is headquartered in Mountain View, California, at the Googleplex campus. The company has major offices in New York, London, Dublin, Singapore, and dozens of other cities globally.
How many brands does Alphabet own?
Alphabet owns approximately 12 major brands and products under Google and Other Bets. The most recognizable include Google Search, YouTube, Android, Chrome, Gmail, Google Maps, Google Cloud, Pixel, Nest, Waymo, and Gemini.
Who owns Alphabet?
Alphabet has no single controlling shareholder economically, but co-founders Larry Page and Sergey Brin hold Class B shares with 10 votes per share, giving them effective voting control. Institutional investors including Vanguard, BlackRock, and State Street are among the largest economic shareholders.
What is Alphabet's revenue?
Alphabet reported FY2025 revenue of $402.8 billion, up 15% year over year. Net income was $132.2 billion. Google Cloud contributed $26.3 billion in FY2025, growing 35% year over year.
What antitrust cases is Google facing?
In August 2024, a U.S. federal judge ruled that Google illegally monopolized internet search. In September 2025, the court ordered remedies including ending exclusive distribution contracts and sharing search data with rivals, but did not require Chrome divestiture. Both sides appealed. The EU has imposed over 8 billion euros in antitrust fines since 2017.
Verily's sustainability and ethics considerations center on responsible health data management, clinical research ethics, and healthcare accessibility.
Data Privacy and Security: Verily handles sensitive health information and must comply with HIPAA in the United States and GDPR in Europe. The company implements encryption, access controls, and regular security audits. Its data privacy programs include transparent data usage policies and patient consent management. Given its Google heritage, Verily faces heightened scrutiny on data privacy and has invested in building separate, health-specific data infrastructure.
Clinical Research Ethics: Verily's research programs follow institutional review board oversight, informed consent processes, and independent data monitoring committees. The All of Us Research Program and other clinical research initiatives maintain standards for participant safety, data integrity, and transparent reporting.
Healthcare Accessibility: Verily develops solutions aimed at reducing healthcare costs and improving access. Its remote monitoring technologies and preventive care programs are designed to reduce hospital visits and optimize treatment pathways. The partnership with UCHealth and the University of Colorado Anschutz focuses on improving patient outcomes in underserved communities.
Environmental Compliance: Verily's operations comply with environmental regulations for technology companies, including energy efficiency standards for data centers. The company aligns with Alphabet's broader sustainability commitments, though Verily's individual environmental impact is not separately reported.
Supply Chain Responsibility: Verily maintains ethical sourcing practices for its technology products and research equipment. The company's supply chain management includes environmental impact assessments and supplier diversity programs.
Verily has received recognition for its healthcare technology and clinical research contributions:
Verily has faced several challenges since its 2015 founding, primarily related to privacy concerns, project discontinuations, and workforce reductions.
Privacy and Data Security Concerns: Verily's collection and analysis of sensitive health information through Project Baseline and other programs have drawn scrutiny from privacy advocates. The company's affiliation with Google raised questions about whether health data could be used for advertising or other commercial purposes. Verily has responded by building separate data infrastructure and implementing strict data isolation policies, but the Google association remains a source of public concern.
Smart Contact Lens Project Failure: Verily's smart contact lens project, developed with Novartis to measure glucose levels in tears for diabetes management, was discontinued after Novartis ended the partnership in 2018. The project's failure raised questions about Verily's ability to bring complex medical devices to market and represented a significant setback for its wearable technology ambitions.
2023 Workforce Reduction: Verily laid off approximately 15% of its staff in January 2023, cutting roughly 240 employees. The restructuring reflected broader cost discipline across Alphabet and the technology sector. The layoffs affected morale and raised concerns about the company's growth trajectory, though management characterized the cuts as a necessary refocusing on commercial priorities.
Business Divestitures: Verily divested several businesses under Gillett's leadership, including Granular, its insurance subsidiary. While these divestitures streamlined operations, they also represented abandoned strategic bets that had consumed significant investment.
Commercial Viability Questions: Verily has operated within Alphabet's Other Bets segment, which collectively generates operating losses. The company's transition from research projects to revenue-generating commercial products has taken longer than initially anticipated. The March 2026 funding round and transition to independence partially address these concerns by bringing in outside investors and imposing market discipline.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Unitedhealth Group | USA | 2011 | Mass market | Global | All-ages |
Market Positioning: Verily competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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