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Babylon Health

Babylon Health

Babylon Health is a global subscription telemedicine service provider.

Babylon Health is a telemedicine health provider that relies on it's AI platform to provide patients with a diagnosis. After triage, the app will then proceed to connect the patient with the appropriate medical professional. They currently have services in the United Kingdom, with plans for global expansion.

AI

Their AI has been designed around a doctor’s brain to provide healthcare for everyone via their smartphone. It can understand and recognize the way that humans express their symptoms. Using this knowledge, combined with a patient’s medical history and current symptoms, it provides information on possible medical conditions and common treatments.

Much of the Babylon team’s work is on the development of machine learning research; this is being driven through access to volumes of data from the medical community, learning from their users and through feedback from Babylon’s own experts.

COVID-19

As of March 2020, their app has been updated to check patients symptoms for the COVID-19 virus.

Timeline

August 2, 2019
Babylon Health raises a $550 million Series C

Saudi Arabia’s Public Investment Fund participated in the financing. Previous rounds include a $25 million 2016 Series A, and a £47 million 2017 Series B.

The company's Series C is 6.5 times the amount of money that it had raised before. The round values the company at more than $2 billion.

August 2019
Babylon Health raises a $550,000,000 series C round from ERGO Fund, Kinnevik, Munich Re's ERGO Fund, Public Investment Fund of Saudi Arabia, Saudi Arabia's Public Investment Fund and Vostok New Ventures.

Funding rounds

People

Name
Role
LinkedIn

mohammad khodadadi

Employee

Saurabh Johri

Employee

Steven Hamblin

Employee

Szymon Wartak

Employee

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Alex Wilhelm
June 7, 2021
TechCrunch
You have questions. I have questions. We'll get to some answers.
Heather Landi
June 3, 2021
FierceHealthcare
London-based health tech startup Babylon Health plans to go public in the U.S. via a merger with a blank check company led by Groupon's former CEO. The digital health plans to become a public company through a $4.2 billion merger with Alkuri Global Acquisition Corp.
Dave Muoio
May 27, 2021
FierceHealthcare
Welcome to this week's Chutes & Ladders, our roundup of hirings, firings and retirings throughout the industry. Please submit the good news--or the bad--from your shop, and we will feature it here at the end of each week.
Isabella Pojuner
April 15, 2021
Sifted
From greater integration of healthtech to its five key subsectors, we've read the latest Dealroom report on healthtech so you don't have to.
Natasha Lomas
March 5, 2021
TechCrunch
The UK's medical device regulator has admitted it has concerns about VC-backed AI chatbot maker Babylon Health. It made the admission in a letter sent to a clinician who's been raising the alarm about Babylon's approach toward patient safety and corporate governance since 2017. The HSJ reported on the MHRA's letter to Dr David Watkins [...]
Natasha Lomas
March 5, 2021
TechCrunch
The UK's medical device regulator has admitted it has concerns about VC-backed AI chatbot maker Babylon Health. It made the admission in a letter sent to a clinician who's been raising the alarm about Babylon's approach toward patient safety and corporate governance since 2017. The HSJ reported on the MHRA's letter to Dr David Watkins [...]
Tina Reed
February 25, 2021
FierceHealthcare
Welcome to this week's Chutes & Ladders, our roundup of hirings, firings and retirings throughout the industry. Please submit the good news--or the bad--from your shop, and we will feature it here at the end of each week.
Shona Ghosh
February 23, 2021
Business Insider
Babylon Health plans to focus on reaching low-income patients through partnerships.
Natasha Lomas
February 1, 2021
TechCrunch
Poland-based Telemedico has closed a €5.5 million (~$6.6M) Series A round of funding. The round is led by Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Black Pearls VC (an existing investor) and Adamed. Telehealth services specifically, and digital health more broadly, have racked up plenty of growth during the pandemic as demand for remote consultations [...]
Natasha Lomas
February 1, 2021
TechCrunch
Poland-based Telemedico has closed a €5.5 million (~$6.6M) Series A round of funding. The round is led by Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Black Pearls VC (an existing investor) and Adamed. Telehealth services specifically, and digital health more broadly, have racked up plenty of growth during the pandemic as demand for remote consultations [...]
Mimi Billing
December 21, 2020
Sifted
The Swedish listed investment fund VNV Global covers the last $100m piece of the telemedicine startup Babylon Health's $550m round.
Mimi Billing
December 17, 2020
Sifted
A comparison of the most popular symptom trackers puts Ada Health ahead of European competitors Babylon, Mediktor, Symptomate and Healthily.
Mimi Billing
November 19, 2020
Sifted
FirstVet, the Swedish telemedicine startup, raises €30m in a new funding round to launch its vet-on-demand video service in the US.
Mimi Billing
November 13, 2020
Sifted
Are the telemedicine startups' path to profits uncertain? Some VCs are questioning the business models of doctor-on-demand applications.
James Vincent
June 10, 2020
The Verge
Babylon Health, one of the world's biggest telehealth companies, has admitted that a data breach allowed a small number of users in the UK to view other patients' private video consultations with doctors. The company says a software error was to blame, and the problem has now been fixed.
Leo Kelion
June 9, 2020
BBC News
The video call app allowed some patients to see recordings of others' sessions with medics.
Natasha Lomas
May 27, 2020
TechCrunch
UK-based AI chatbot Babylon Health -- which last year raised $550M at a $2BN+ valuation -- has led a $30M Series B in US-based Higi, which owns and operates 10,000+ FDA-cleared health kiosks. Higi, which was founded back in 2012 per Crunchbase, has built out a nationwide network of "health stations" located at retail locations [...]
Natasha Lomas
February 26, 2020
TechCrunch
UK startup Babylon Health pulled app data on a critical user in order to create a press release in which it publicly attacks the UK doctor who has spent years raising patient safety concerns about the symptom triage chatbot service. In the press release released late Monday Babylon refers to Dr David Watkins -- via [...]
Ingrid Lunden
August 2, 2019
TechCrunch
Babylon Health, the U.K.-based startup that has developed a number of AI-based health services, including a chatbot used by the U.K'.s National Health Service to help diagnose ailments, has confirmed a massive investment that it plans to use to expand its business to the U.S. and Asia, and expand its R&D to diagnose more serious, [...]

References

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