Babylon Archives - Pinfaves

Babylon Health Gets $2 Billion Valuation With New Funding That Will Help It Expand In U.S.

August 3, 2019August 3, 2019 Loknath Das2, Babylon, Billion, Expand, Funding, Gets, Health, Help, In, It, New, That, valuation, Will, With

Ali Parsa CEO and cofounder of Babylon Health. BABYLON HEALTH Babylon Health, a U.K.-based startup whose fast growth has been shadowed by concerns about the efficacy of its telemedicine apps, has raised $550 million in Series C funding, elevating the company to unicorn status. Saudi Arabia’s Public Investment Fund (PIF), which invest on behalf of the Saudi Arabian government, led the round that valued the company at $2 billion with a total of $635 million raised. The new capital will enable the company to expand into more markets including the…

Doctor App Babylon Health Offers Quick Appointments, But Grapples With Follow-Up Care For Mental Health

March 22, 2019 Loknath DasApp, Appointments, Babylon, but, Care, Doctor, Follow-Up, for, Grapples, Health, mental, Offers, quick, With

Babylon Health founder and CEO, Ali ParsaPHOTO BY LEVON BLISS FOR FORBES On a winter day in February 2018, a British woman with a history of depression had one of her first ever video chats with a doctor. At first the call was a revelation. She couldn’t afford private healthcare and was used to waiting weeks to see a doctor through Britain’s free National Health Service (NHS). Now she could see an NHS doctor within hours. Since November 2017 the NHS has paid Babylon Health to replace local doctor visits for…