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Headquarters in South San Francisco, California
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| Formerly | Google Life Sciences |
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| Company type | Subsidiary |
| Industry |
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| Founded | December 7, 2015; 8 years ago (2015-12-07) |
Key people | Stephen Gillett (CEO) |
| Revenue | US$559 million (2022) |
| −US$568 million (2022) | |
| Owner | Google Inc. (until 2015) Alphabet Inc. (2015–present) |
Number of employees | c. 1,100 (2023) |
| Parent | Alphabet Inc. |
| Subsidiaries | Lift Labs |
| Website | verily |
| Footnotes / references [1] | |
Verily Life Sciences LLC,[2] also known as Verily (formerly Google Life Sciences), is Alphabet Inc.'s research organization devoted to the study of life sciences.[3][4] The organization was formerly a division of Google X, until August 10, 2015, when Sergey Brin announced that the organization would become an independent subsidiary of Alphabet Inc.[5] with restructuring completed on October 2, 2015. On December 7, 2015, Google Life Sciences was renamed Verily.[6][7]
At the time of Verily's formation in 2015, the members of the research team that contributed to the founding patent portfolio include:[8]
On 9 September 2014, the division acquired Lift Labs, the makers of Liftware.[9]
Verily Life Sciences in January 2019 raised $1 billion in funding.
At the end of 2019, Verily sold its stake in robot-assisted surgery joint venture Verb Surgical to development partner Johnson & Johnson.[10]
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.[11]
In September 2022, Verily announced longtime CEO Andy Conrad would step down as CEO in January 2023, to be replaced by Stephen Gillett[12] who became CEO on January 3, 2023.[13]
In January 2023, fifteen percent of Verily's workforce was laid off as part of a broader restructuring by parent company, Alphabet.[14] 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 potential spin-out as an independent company.[15]
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.[16]
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