Babylon Health

Babylon is a digital health service provider that combines AI technology with the medical expertise of humans. Babylon delivers full access to healthcare, including personalised health assessments, treatment advice and face-to-face appointments with a doctor 24/7.

Babylon also allows users to receive drug prescriptions, referrals to health specialists, and book health exams with nearby facilities.

Babylon was founded in January 2013 by Ali Parsa and launched to the public in April 2014. It's service now covers over 800,000 people globally, with local services operating out of the U.K, Ireland and recently launched for East Africa in Rwanda.

A number of leading health insurance providers, including Bupa and Aviva, plus over 120 other companies have also partnered with babylon to offer its services to their employees as part of their benefits packages.

Babylon was included in Apple’s list of the best apps in 2015, CB Insights 2017 AI 100 list, and has received a number of accolades, including Mobile App of the Year at the UK IT Industry Awards 2015, Health Investor Awards IT Innovator of the Year for 2015 and 2016 and was named by Wired as one of Europe’s hottest start-ups in September 2016.

Babylon agreed to provide its artificial intelligence technology to WeChat in April 2018 so the one billion users can enter their symptoms and get back healthcare advice.

Babylon Health's investors include Vostok New Ventures, Saudi Arabia's Public Investment Fund, Kinnevik AB, NNC Holdings, & Hoxton Ventures among others. The company raised a massive $550M in it's latest funding of a "Series C" round on Aug 2, 2019. This brings Babylon's total funding to $635.3M to-date.

 

Babylon Health reached to a $2B valuation during it's latest "Series C" financing on Aug 2, 2019. 

 

 

  • Year founded: 2013
  • Funding Info: $635.3M in 3 Funding Rounds (Last Funding Type: Series C)
  • Yearly Revenue: $50M-$100M (2018)
  • Employee Size: 201-500
  • Business Valuation: $200M as of Nov 2017
  • City/Town: London
  • State: England
  • Country: United Kingdom
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