MedCity News
Olive passes $4B valuation with new funding round
Olive, which automates redundant tasks in healthcare, recently raised $400 million in a funding round. Since the start of the pandemic, the company has raised a total of $832 million.
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Olive, a startup developing software to automate administrative tasks for hospitals, recently doubled its valuation after raising a recent funding round. The Cleveland-based company recently passed a $4 billion valuation after raising $400 million in funding.
Cleveland, Ohio-based Olive was founded in 2012. The company touts its identically named AI assistant, which is tasked with handling repetitive tasks, such as managing prior authorizations or inventory. More recently, it has added features to pull up patients’ insurance and contact information as they register for appointments.
Olive Raises $400M in Funding; Valued at $4 Billion
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