A $550 million cash infusion led by Saudi Arabia’s Public Investment Fund in 2019 valued Babylon at about $2 billion
Babylon Health
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Babylon Health
Saudi-backed health app ends China deal, focuses on US growth
Babylon’s app lets users schedule a video chat with a doctor, check symptoms or book time with specialists
Ali Parsa
Saudis lead $550m investment in UK start-up Babylon
The investment from new investors – such as Saudi Arabia’s Public Investment Fund – values the company at more than $2 billion
Ali Parsa
Saudi PIF to invest in UK provider Babylon Health – report
Funding believed to be for Middle East, China and US expansion plans