London-based telehealth startup Babylon Health, once valued at ~$2B after being backed by DeepMind and others, is being sold for parts after going bankrupt
Ingrid Lunden / TechCrunch :
UK-based Babylon Health, which offers AI-based services, will go public through a SPAC merger at a valuation of $4.2B
Just when you thought the SPAC had been played out, London-based healthtech Babylon confirms the rumours and announces its plan to go public via a $4.2 billion merger …
Alan, a health insurance company with 155K members using its “healthcare super app” in France, Belgium, Spain, raises €185M led by Coatue at a €1.4B valuation
Other big healthtech players in Europe, notably the UK's Babylon Health and Sweden's Kry …
Analysis find that at least 14 known startups working on AI-driven healthcare chatbots have collectively raised $800M+, with Babylon Health accounting for $635M
Joanna Glasner / Crunchbase News :
Babylon Health raises $550M Series C at $2B+ valuation from Saudi Arabia's PIF, Kinnevik, and others to expand its AI-based health services to the US and Asia
Babylon Health, the UK-based startup that has developed a number of AI-based health services, including a chatbot used …
Babylon Health has claimed its AI bot is as good at diagnosing as human doctors, but sources say the AI's development was rushed and effectiveness exaggerated
Parmy Olson / Forbes :
UK-based Babylon Health says it will invest $100M in hiring more than 500 researchers, scientists, and engineers over the next year to improve its AI for health
Shona Ghosh / Business Insider :
UK's NHS partners with Babylon Health to trial AI-powered chatbot as alternative to non-emergency telephone helpline in London
Steve O'Hear / TechCrunch :