U.S.A., July 1, 2021 /PRNewswire/ — Olive, the automation company creating the Internet of Healthcare, announced today it closed a $400 million funding round, bringing the company to a $4 billion valuation. The round was led by Vista Equity Partners (“Vista”), a leading global investment firm focused on enterprise software, data, and technology-enabled businesses, with additional investment from the Base10 Partners Advancement Initiative. As 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, and has been a catalyst for healthcare’s pace of digital transformation pulling ahead of other industries. A recent McKinsey study, “The State of AI in 2020,” found that healthcare was the top industry adopting AI. This latest round of funding will allow Olive to further scale product development, reaching more healthcare providers who can use Olive’s technology to drive life-changing outcomes. Olive has now secured $832 million in financing since March 2020, and $902 million since the company’s inception in 2012.
“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…
