Google sis­ter Ver­i­ly sports an­oth­er im­pres­sive raise, haul­ing in $700M to sup­port its two big plat­forms

Since its found­ing, Google’s sis­ter com­pa­ny Ver­i­ly has been aim­ing to rein­vent the multi­bil­lion-dol­lar clin­i­cal tri­al busi­ness. And now it has a boat­load of new cash to do so, as well as po­ten­tial­ly make some new deals.

Ver­i­ly an­nounced Thurs­day it has com­plet­ed a $700 mil­lion fundraise from its par­ent com­pa­ny Al­pha­bet, the mega-con­glom­er­ate that owns Google and its pletho­ra of busi­ness­es, among oth­er in­vestors. The fund­ing will sup­port two main projects at the com­pa­ny: Base­line, which aims to make clin­i­cal re­search more ef­fi­cient through de­cen­tral­iza­tion, and Ver­i­ly Health Plat­forms, an ini­tia­tive that of­fers ser­vices for dis­ease man­age­ment.

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