CB Insights November 26, 2019
Buoyed by a $550M mega-round, funding for artificial intelligence companies in healthcare reached almost $1.6B in Q3’19.
Companies in the space raised almost $1.6B across 103 financing rounds in the third quarter, making it the top-funded sub-sector analyzed in CB Insights’ latest Global Healthcare Report.
BABYLON’S MEGA-ROUND BOOSTS RECORD QUARTER
Leading the way for the quarter was Babylon Health, which raised a $550M mega-round from investors including the Public Investment Fund of Saudi Arabia, Munich Re Ventures, “a large US-based insurer” (speculated to be Centene), Kinnevik, and Vostok New Ventures.
The company has developed several AI-based health services, including a...
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