Alphabet's life science company just raised another $1 billion for a mysterious bet on healthcare

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• Enigmatic life science company Verily has raised a mega funding round of $1 billion led by technology investment firm Silver Lake.
• Formerly called Google Life Sciences, Verily aims to develop tools that help collect and organize health data. Current projects include a continuous glucose monitor for diabetes and better contact lenses.
• As part of the investment, Alphabet CFO Ruth Porat will join Verily's board.

Verily, the enigmatic life science company formerly called Google Life Sciences, has raised $1 billion from investors, the second time the company has taken outside funds.

The company announced the mammoth round on Thursday but did not include details of what the funds would be used for. Technology investment firm Silver Lake is the leading new investor, and Ontario Teachers’ Pension Plan also joins on as a first-time backer.

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from Business Insider https://read.bi/2Atjgz0