Founded in 2012 by Sean Lane, Olive aimed to build the "internet of healthcare" by using AI and robotic process automation (RPA) to automate repetitive, high-volume administrative tasks. The company's platform, "The Olive," was designed to connect disparate healthcare systems and automate workflows like prior authorizations, eligibility checks, and revenue cycle management. After raising over $800 million in funding and achieving a "unicorn" valuation of $4 billion, Olive faced challenges with its technology's effectiveness and the economic downturn, leading to significant layoffs and its eventual shutdown in October 2022.

Founded in

United States