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Babylon looks for $400m of fresh funding

Babylon, one of Britain’s most prominent digital health start-ups, is trying to raise about $400m, the FT reports. The company spent more than $75m last year on a rapid expansion, but investment by SoftBank failed to materialise.

The company, which has deals with England’s National Health Service (NHS) for an app that analyses patients’ symptoms and a 24-hour video consultation service, has been praised by Matt Hancock, the UK health secretary, as one of the “biggest names in AI (artificial intelligence).”

Full story in the FT, 12 February 2019

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