Founded in 2012, Olive aimed to revolutionize the healthcare industry by creating the "Internet of Healthcare." The company developed an AI and robotic process automation (RPA) platform to automate repetitive, high-volume administrative tasks for hospitals and healthcare systems, such as prior authorizations, eligibility checks, and billing. After raising nearly $1 billion in venture capital and achieving a peak valuation of $4 billion, Olive faced significant challenges in delivering on its technological promises, leading to multiple rounds of layoffs and ultimately ceasing all operations in October 2023.

Founded in

United States