Verily Life Sciences has 25 employees in Tel Aviv and Haifa. Google's health data company Verily Life Sciences has confirmed to UK newspaper "The Guardian" that it is closing its Israel operations. Verily's Israel development center, which was launched in 2021, has 25 employees in Tel Aviv and Haifa.
Verily's Israel operations are led by Prof. Ehud Rivlin, who previously worked for Google Health as part of his role as a professor of computer science at the Technion, Israel Institute of Technology. Verily's Israel operations, which have mainly focused on computing for imaging and minimally invasive surgeries, will close in October.
The company told "The Guardian" that the closure was in no way related to the war in Gaza or the economic situation in Israel but rather business focus after Verily decided to give up the company's fields of activity in which the Israel center is engaged. This is not Verily's first round of layoffs this year. In January it was reported that the company parted ways with 15% of its employees in a general round of layoffs, and in March it closed a development center in the field of molecular biology in the US.
Alphabet plans an IPO for Verily Verily is one of the companies founded by Google's parent company, Alphabet, to address potential future data streams. Verily has raised about $3.5 billion from Alphabet and external sources.
The company aims to gradually detach itself from Alphabet and stand on its feet as an independent company, perhaps through .
