8 years ago

Babylon Health Secures $60 Million to Expand AI-Powered Healthcare App

  • Babylon Health, a UK-based digital healthcare startup, has raised $60 million in new funding

  • The company plans to use the capital to further develop its AI capabilities, including offering diagnosis by AI

  • Investors in the round include Sawiris, NNS holdings, Vostok New Ventures, and existing backer Kinnevik

  • The new funding brings Babylon's valuation to over $200 million

  • The company has previously raised $25 million from investors such as Investment AB Kinnevik, Hoxton Ventures, and Deepmind founders Demis Hassabis and Mustafa Suleyman

  • Babylon's AI-powered chatbot triage service is being trialled by a number of health authorities in London as an alternative to the NHS’s 111 telephone helpline.

      • ProblemHealthcare

      "People have to wait too long for medical care and it costs too much. "

      Solution

      "Babylon Health uses AI and video/text chat to make it easier for people to get medical care. This allows doctors to spend more time with patients who need it. "

      Covered on