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Olive: Raises $400M in Funding; Valued at $4 Billion | Fintech InShorts: Latest fintech news, analysis by experts

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Olive: Raises $400M in Funding; Valued at $4 Billion

By Steve Sam

July 2, 2021

Olive Raises $400M in Funding; Valued at $4 Billion

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
The company provides an AI workforce that connects patients, providers and payers to automate workflows and support human workforces
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
The company’s enterprise AI is now in place at more than 900 hospitals in over 40 U.S. states