Saudi Arabia's Public Investment Fund , which invest on behalf of the Saudi Arabian government, led the round that valued the company at $2 billion with a total of $635 million raised.
The new capital will enable the company to expand into more markets including the U.S. and Asia, Babylon said, and it will also bolster its artificial intelligence capabilities on the platform, which serves 4.3 million users worldwide. An unnamed U.S health insurer and a fund of global reinsurer Munich Re also invested.
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