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Corporation
INTERNET | Internet Software & Services / Billing, Expense Management and Procurement
oliveai.com

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Founded Year

2012

Stage

Series H | Alive

Total Raised

$858.8M

Valuation

$0000 

Last Raised

$400M | 1 mo ago

Mosaic Score

+60 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Olive

Olive is a healthcare-specific artificial intelligence and process automation company that empowers healthcare organizations to improve efficiency and patient care while reducing costly administrative errors. Its eponymous AI solution, Olive, acts as the intelligent router between systems and data by automating repetitive, high-volume tasks and workflows, providing true interoperability. Olive has helped healthcare organizations reduce data and billing errors, eliminate denials for no coverage, improve cash collections by reducing days in A/R, and more.

Olive Headquarter Location

99 E. Main Street Suite 1750

Columbus, Ohio, 43215,

United States

800-501-3161

Latest Olive News

Olive: $400 Million Funding And $4 Billion Valuation

Jul 11, 2021

Automation company Olive announced recently that it closed a $400 million funding round at a $4 billion valuation. These are the details. Olive — an automation company creating the Internet of Healthcare — announced recently that it closed a $400 million funding round at a $4 billion valuation. This funding round was led by Vista Equity Partners with additional investment from the Base10 Partners Advancement Initiative. Being a Base10 Advancement Initiative portfolio company, Olive will contribute to scholarship and financial aid awards for America’s Historically Black Colleges and Universities, which will become known as The Olive Scholarship. Olive’s AI workforce connects patients, providers, and payers to automate burdensome workflows and support human workforces. Plus it has been a catalyst for healthcare’s pace of digital transformation pulling ahead of other industries. This latest round of funding will enable Olive to further scale product development, reaching more healthcare providers who can use the company’s technology to drive life-changing outcomes. Olive has now raised $832 million in financing since March 2020 and $902 million since the company’s inception in 2012. Now Olive’s enterprise AI is now in place at more than 900 hospitals in over 40 U.S. states, including more than 20 of the top 100 U.S. health systems. And to drive true transformation Olive is utilizing network efforts as it connects healthcare, delivering constantly growing intelligence across the industry through a series of new products, as well as acquisitions and a platform that developers are able to build off of. KEY QUOTES: “Olive is the leading force for rapid product development to better empower the humans in healthcare. She is being hired at health systems and insurance companies across the country at lightning speed. Olive’s widespread adoption as mission-critical tech makes it clear that now is the time for the healthcare industry to pull into the lead position for enterprise AI adoption.” — Sean Lane, CEO of Olive “At Vista, we believe in the transformative power of technology and see incredible potential in Olive’s ability to connect healthcare providers in new ways. We believe the company’s AI capabilities are poised to deliver true disruption to the healthcare industry through automating and optimizing workflows, improving interoperability and turning critical data into actionable insights. We look forward to working closely with Olive’s management team as they continue to execute on their vision.”  — Monti Saroya, Co-Head of Vista’s Flagship Fund and Senior Managing Director

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Olive

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Olive is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

U

Unicorns- Billion Dollar Startups

771 items

R

Robotic Process Automation

292 items

RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.

A

Artificial Intelligence ( AI ) in Healthcare

826 items

These healthcare startups are using AI to discover new drugs, remotely monitor patients, securely transfer patient data, and more.

A

Artificial Intelligence

7,340 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

D

Digital Health 150 (2019)

150 items

2019's cohort of the most promising digital health startups transforming the healthcare industry

Olive Patents

Olive has filed 25 patents.

The 3 most popular patent topics include:

  • Cubism
  • Social networking services
  • Modern art
patents chart

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Olive Web Traffic

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