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Saudis Lead $550 Million Investment in U.K. Startup Babylon

  • Babylon come under strong criticism from health practitioners
  • Funding round values the company at more than $2 billion
The Babylon app. 

The Babylon app. 

Source: Babylon

Babylon Healthcare Services Ltd., the fast-growing mobile medical consultation service, said it raised $550 million to expand into the U.S. and Asia.

The investment includes capital from new investors such as Saudi Arabia’s Public Investment Fund, and valued the company at more than $2 billion, Babylon said in a statement Friday.