Funding round
Verily Growth
Reported as "Growth Equity"
Verily, which works in precision health AI platform development in Dallas, raised $1.00B in a Growth round announced on 9 Sep 2022, led by Alphabet. 1 firm took part, 1 of them already investors. It is Verily's third venture round on record; the one before was a Growth in Dec 2020.
$1.00B
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Verily did not disclose a valuation in this round. It came 21 months after Verily's Growth. It is 33% of the $3.00B Verily has raised in the venture rounds on record. Verily raised again 42 months later: a Growth round of $300M in Mar 2026.
Investors
Who put money in
Alphabet led the round. Alphabet had backed Verily before.
Lead investor
- Alphabet existing investor
Joined the board: Andy Conrad (Verily).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
392 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 19 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Sep 2022 | $100M | not disclosed | PSG |
| Tech Companies | 26 Sep 2022 | $100M | not disclosed | Vector Capital |
| Tech Companies | 13 Sep 2022 | $80M | $265M | Apax Partners |
| Tech Companies | 22 Sep 2022 | $63M | not disclosed | BlackRock |
| Tech Companies | 13 Sep 2022 | $60M | not disclosed | PSG |
| Tech Companies | 1 Sep 2022 | $52M | $1.55B | Lightspeed Venture Partners and Avenir |
| Tech Companies | 19 Sep 2022 | $50M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 20 Sep 2022 | $50M | not disclosed | PSG |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Verily raise in its Growth round?
Verily raised $1.00B in its Growth round, announced in Sep 2022.
Who led Verily's Growth round?
Alphabet led it.
What was Verily's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
392 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 19 times the median.
Did Verily raise again after this round?
Yes: a Growth round in Mar 2026 of $300M.