Saudi Arabian wealth fund to invest in NHS chatbot maker Babylon Health | Financial Times:
Saudi Arabia’s sovereign wealth fund is in advanced discussions to invest in the UK’s Babylon Health, a digital health start-up used by the National Health Service, according to people with direct knowledge of its plans.
The investment, which is part of a new funding round for the UK start-up that will run into hundreds of millions of dollars, could be announced as soon as later this week, these people said.
Founded in 2013 by Ali Parsa, a British-Iranian entrepreneur and banker, Babylon has developed a “chatbot” that checks the symptoms of patients used by the NHS. It also offers a service connecting patients in south-west London to doctors through video calls on smartphones.
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