Olive, a Columbus, OH-based automation company creating the Internet of Healthcare, closed a $400m funding round, bringing the company to a $4 billion valuation.
The round was led by Vista Equity Partners with participation from the Base10 Partners Advancement Initiative.
The company, which has now secured $902m since inception in 2012, intends to use the funds to further scale product development.
Led by Sean Lane, CEO, Olive provides an AI workforce that connects patients, providers and payers to automate workflows and support human workforces. Since December 2020, the company enhanced its position in the clinical intelligence space with its acquisition of Empiric Health and accelerated the provider payments process with Olive Assures. This month, the company is making available Olive Helps, healthcare’s superhuman sidekick that improves the speed, quality and impact of healthcare workers, as a free download to the public. Additionally, the company is opening its software to a community of developers – from individuals to companies large and small – with the goal of making it the first platform for healthcare. Its developer’s kit, called the “Loop Development Kit,” is available for anyone to get solutions in front of healthcare users.
The company’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. Olive now has approximately 800 employees spread across 43 states.