Edwin Coe helps UK start-up babylon raise $60m for AI-based doctor app 

Edwin Coe has advised babylon, the UK digital health firm founded by Dr Ali Parsa, on its $60 million fund raising, adding to the $25 million the firm raised in 2016.

Babylon will use the money to build its artificial intelligence (AI) healthcare platform app, which aims to help patients to diagnose their ailments via a smartphone.

Its app, which is used by 800,000 people, allows patients to text symptoms to artificial intelligence software and receive accurate medical advice. The babylon technology is currently being piloted by the NHS in parts of London as an alternative to the non-emergency 111 number.

babylon patients are also able to have video consultations with GMC-registered GP’s at a time that suits them, 7 days a week.

The Edwin Coe team was led by, Head of Corporate & Commercial, Russel Shear, who commented: “We are delighted to have assisted this innovative company yet again and raise further funds to help it pursue its expansion plans.”