Actionable news
All posts from Actionable news
Actionable news in GOOG: Google Inc.,

Google's parent company invested in a hot cancer-testing start-up and built it a dedicated lab

Verily, the life sciences arm of Google's parent company Alphabet, has invested in Freenome, an ambitious start-up that's building technology to detect early-stage cancer, and built a dedicated lab for the start-up.

Verily invested in Freenome as part of its most recent round of financing, which totaled $65 million, in March 2017, a person familiar with the investment tells CNBC. This was separate from an investment made by Alphabet's venture arm, GV (formerly Google Ventures), which has been previously reported.

"We are providing office space to Freenome in order to foster collaboration between the two companies," a Verily spokesperson confirmed. The companies did not comment on the investment.

The funding represents a deviation in strategy for Verily, which typically forms...