The company intends to use the funds to accelerate its growth. Ann Arbor, MI 48108 Active, Closed, Last funding round type (e.g. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements and finding opportunities for new work. Olive gives power back to. 734.275.0104. Olive gives power back to providers through her ever-growing, unparalleled intelligence made up of shared memories, collective wisdom and global awareness, learning like a network so hospitals never have to solve the same problem twice. To learn more about Olive and our healthcare organization partners visit oliveai.com. The funding was led by San Antonio’s Active Capital with participation from Techstars and UK-based Novator. Olive raises $51 million to accelerate its AI workforce for healthcare . Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, Descriptive keyword for an Organization (e.g. | News In 2016 it landed $15 million in funding for its tablet-based patient check-in system, called Queue. Olive, a Vancouver-based startup has raised $1 million. In conjunction with the funding, Ron Paulus, former president and CEO of Mission Health, a $2 billion integrated health system, will join Olive’s Board of Directors. It then pivoted its focus to AI and collected 32.8 million in July 2018. Check here to indicate that you have read and agree to the CHIME privacy policy terms. Columbus-based Olive announced it has raised a $106 million financing round led by General Catalyst and Drive Capital, with participation from Ascension Ventures, Oak HC/FT and SVB Capital. General Catalyst is a venture capital firm that invests in powerful, positive change that endures — for our entrepreneurs, our investors, our people, and society. AI workforce for healthcare company Olive raises $106 million . SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Olive is a developer of process automation software used to build meaningful artificial intelligence to empower healthcare organizations. Columbus-based Olive said it closed a $51 million funding round led by General Catalyst that will fund acceleration of its development of an artificial intelligence bot that manages administrative tasks for hospitals. Ascension Ventures is a strategic healthcare venture firm with four funds and more than $800 million in capital under management. Olive is a developer of process automation software used to build meaningful artificial intelligence to empower healthcare organizations. Olive, the company creating the AI workforce for healthcare, today announced the close of its $51 million funding round led by General Catalyst. “As a recent health system CEO, I appreciate the duress our hospitals are under as they focus on delivering the best patient care possible under challenging circumstances all while needing to keep the lights on,” said Dr. Ronald A. Paulus. Founded late in 2012, Drive Capital invests funds and expertise in promising companies with global market opportunities in the IT, financial services, consumer, and healthcare services industries, and helps those entrepreneurs build the next generation of innovative businesses. Phone: (734) 665-0000 The Daily Deal Newsletter Driving efficiency in non-clinical work enables hospitals and healthcare leaders to focus more resources on the actions and activities that improve care. “The AI workforce is here, and the days of disconnected bots that don’t learn from each other are over,” said Sean Lane, CEO of Olive. We’re on a mission to radically change the way healthcare leverages and views an AI workforce.”. | Disclaimer Olive’s AI workforce automates healthcare’s most repetitive, high-volume administrative processes, across departments such as Revenue Cycle, Information Technology, Supply Chain, Clinical Administration, Human Resources and more, to deliver improved efficiency, reduced costs, and increased employee capacity. Payroll, Benefits and HR Tech Platform Gusto Raises $140M, Menlo Security Raises $25M in Series B Funding, Pagaya Raises $25M in Series C Funding Round, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. COLUMBUS, Ohio, March 31, 2020 – Olive, the company creating the AI workforce for healthcare, today announced the close of its $51 million funding round led by General Catalyst. For more: www.generalcatalyst.com. To learn more about Olive and our healthcare organization partners visit oliveai.com. Home » News & Press » Olive Raises $51M to Accelerate its AI Workforce for Healthcare. Five months after raising $52M in VC, Columbus health AI maker Olive has raised another $106M toward a goal of landing all 5,000 U.S. hospitals as clients. Fax: (734) 665-4922, By using our website you agree to our updated, Olive Raises $51M to Accelerate its AI Workforce for Healthcare, Patient Event Notifications: Complying with new Interoperability CoPs, UKG (Ultimate Kronos Group): Future of Work: Aligning our Vision, Unpacking the healthcare regulatory environment: 21st Century Cures and Beyond. “The time is now and this investment enables us to accelerate our vision of the internet of healthcare – where when one Olive learns, all Olives learn. | Contact The announcement comes on the heels of record growth for the company, with Olive’s presence growing in 2019 to over 500 U.S hospitals across 41 states, including 25 of the nation’s largest health systems. To learn more about Olive, visit www.oliveai.com. The firm was launched in 2001 by Ascension, one of the nation’s leading Catholic and non-profit health systems, and today invests on behalf of thirteen of the nation’s leading community health systems. For media inquiries and interview requests please contact: Director, Communications & Public Relations | [email protected] Recent data reported by Olive found that nearly two-thirds of healthcare leaders plan to adopt automation technologies in the next two years, a significant uptick from the report issued less than 12 months ago. Drive Capital’s founding partners, Mark Kvamme and Chris Olsen, are experienced venture capitalists, and have participated in several venture capital firms prior to founding Drive Capital. FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Vancouver-based Olive raises $1 million. REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. COLUMBUS, Ohio, March 31, 2020 – Olive, the company creating the AI workforce for healthcare, today announced the close of its $51 million funding round led by General Catalyst. AV collaborates with these partners to identify, invest in, and support strategically aligned private companies that are transforming the healthcare industry and enhancing the experience for patients, their families and caregivers. We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond to build companies that withstand the test of time. | Advertise For more information visit www.ascensionventures.org. Great Lakes Artificial Intelligence Companies. Olive offers a vendor selection platform that helps companies streamline IT procurement. Olive, a Columbus, Ohio-based company creating an AI workforce for healthcare, closed its $51m funding round. Ron Paulus, former president and CEO of Mission Health, a $2 billion integrated health system, will join the Board of Directors at Olive. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. Olive was founded in 2012 and is headquartered in Columbus, Ohio. 710 Avis Drive, Suite 200 About San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Olive is deploying the AI workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs and increased capacity. I am excited to be working closely with Olive’s management team to maximize the outsized positive impact we can have in healthcare on both the administrative and clinical fronts.”. Olive automates repetitive, high-volume tasks and workflows, monitoring their performance, identifying improvements and finding opportunities for new work. With offices in San Francisco, Palo Alto, New York City, and Boston, the firm has helped support the growth of businesses such as: Airbnb, Canva, Gitlab, Gusto, Hubspot, Kayak, Monzo, Samsara, Snap, Stripe, and Warby Parker. Drive Capital’s investments will be focused on the Heartland that stretches from Pittsburgh to Kansas City to Minneapolis and back. In 2019, the company’s presence grew to over 500 U.S. hospitals across 41 states, including 25 of the nation’s largest health systems.

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