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Verily has a December deadline to cut important ties with Google, leaked documents show
- Verily, Alphabet's subsidiary in the life sciences industry, has set a deadline of December 16 to sever multiple ties to Google as part of a move towards becoming an independent company.
- Flywheel is the initiative Verily is focusing on which will help it to cut its ties with Google infrastructure and systems.
- The endeavour to separate from Google is crucially important for Verily to operate as an independent company in the long term.
- While it may still be part of the Alphabet holding company after the deadline, the move aims to prepare Verily to operate as a standalone firm.
- Verily was formerly known as Google Life Sciences and began as a moonshot project under Google.
- Verily's efforts to separate from Google are being driven by Flywheel, its project reported on earlier this year.
- Employees at Verily will no longer have access to Google’s benefits after the deadline and will receive new benefits dictated fully by Verily.
- Verily has raised more than $3.5bn according to Pitchbook data.
- The company has been criticised for failing to stand on its own two feet due to its constant product pivots and mishmash of unrelated projects.
- Verily was announced a $1 billion investment round in 2022, which was led by Alphabet.
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