Babylon Health confirms $550M raise at $2B+ valuation to expand its AI-based health services

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, chronic conditions. It has closed a $550 million round of funding, valuing Babylon Health at more than $2 billion, it announced today. This is the largest-ever fundraise in Europe or U.S. for digital health delivery, Babylon said. “Our mission at Babylon is to put accessible and affordable healthcare into the hands of everyone on earth,” said Dr Ali Parsa, founder and CEO of Babylon, in …