Alphabet's life sciences unit Verily raises $1b in Silver Lake-led round

One of Verily's projects is a Smart Lens Program. Photo: Verily website

Verily, Alphabet Inc’s life sciences division, on Thursday announced a $1 billion investment round led by private equity firm Silver Lake.

Alphabet Chief Financial Officer Ruth Porat and Silver Lake Managing Director Egon Durban will be nominated to Verily’s operating board, the company said.

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