Verily, a health care software company owned by Alphabet Inc., announced Wednesday that it is moving its corporate headquarters from South San Francisco,...
An employee inspects a tray of mosquito larvae in the mosquito factory at the Verily Life Sciences LLC lab in South San Francisco, California, U.S., on Thursday, Oct. 18, 2018.
Verily, a health care software company owned by Alphabet Inc., announced Wednesday that it is moving its corporate headquarters from South San Francisco, Calif., to Dallas later this quarter, just under three years since it opened an office in North Texas. Verily specializes in tech solutions to common health issues, from apps that monitor patients with diabetes to retinal screening devices and data analysis tools.
Verily is one of Alphabet’s “other bets” companies, a group of experimental tech businesses across various industries. Although early fundraising numbers — which neared or met the billion-dollar mark in 2017, 2019 and 2020 — were encouraging for Verily, the company has struggled to net substantial profits in the years since. According to: expanding reach to acquire talent, centralizing its headquarters and capitalizing on the region’s business-friendly environment.
Dallas-based NexPoint has plans to turn a 1.6 million-square-foot corporate campus into a sprawling medical and biosciences complex with a hotel and apartments, while Plano is in the process of constructing a multibillion-dollar life science campus. And last year, the U.S. Department of Health and Human Services announced it would placeVerily joins headquarters of space exploration and rocketry company SpaceX and social media site X, formerly known as Twitter, as theto the Lone Star State.
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