Jan 3 (Reuters) - Alphabet Inc GOOGL.O :
* VERILY ANNOUNCES $1 BILLION INVESTMENT ROUND TO FUND GROWTH AND INNOVATION
* VERILY - ANNOUNCED A $1 BILLION INVESTMENT ROUND, LED BY SILVER LAKE
* VERILY - FINANCIAL TERMS OF TRANSACTION WERE NOT DISCLOSED
* VERILY - RUTH PORAT, CHIEF FINANCIAL OFFICER AT ALPHABET, WILL BE NOMINATED TO JOIN VERILY'S OPERATING BOARD
* VERILY - EGON DURBAN, MANAGING PARTNER AND MANAGING DIRECTOR OF SILVER LAKE, WILL BE NOMINATED TO JOIN VERILY'S OPERATING BOARD
* VERILY - OTHER NEW INVESTORS IN THE $1 BILLION INVESTMENT ROUND INCLUDE ONTARIO TEACHERS' PENSION PLAN AND OTHER GLOBAL INVESTMENT MANAGEMENT FIRMS