10 years ago

Babylon Health Raises $25 Million to Build AI-Powered Health Advice

  • Babylon Health, a UK-based digital health app startup, has raised $25 million in Series A funding led by Investment AB Kinnevik

  • The company plans to use the funding to develop AI-driven health advice features for its mobile app

  • Babylon Health already provides video consultations with doctors and other health services

  • The funding round also saw participation from Babylon's original backer Hoxton Ventures, the founders of BXR Group, and the co-founders of Innocent Drinks

  • Notably, Demis Hassabis and Mustafa Suleyman, founders of Deepmind, also participated in the round, as they are already advising Babylon Health.

      • ProblemHealthcare

      "People need to get healthcare but finding the right doctor, and paying for appointments, can be difficult and time-consuming. It's often hard to know when it's necessary to see a doctor for a problem and wait times are often long."

      Solution

      "Babylon is a mobile app that allows you to consult with a doctor virtually via text, phone or video. The app also uses AI to pre-screen health conditions, so you can get quick advice and determine whether you need to see a doctor in person."

      Covered on