Announced
Completed
Financials
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Tags
Venture Capital
Domestic
artificial intelligence
Private Equity
Private
United States
Software
Acquisition
Minority
Completed
Friendly
Synopsis
Tiger Global led a $225.5m funding round in Olive, a provider of artificial intelligence and RPA solutions for the healthcare industry. The round was also joined by General Catalyst, Drive Capital, Silicon Valley Bank, GV, Sequoia Capital, Dragoneer Investment Group and Transformation Capital Partners. "For every dollar Olive makes, healthcare saves five. That amounts to pretty incredible cost savings throughout the industry, and it's helped us become an indispensable part of hospitals' recovery plan during the pandemic. In the year ahead, we're setting our sights on the big picture - investing in R&D to bring more solutions to hospitals and health systems that not only disrupt the industry, but also help to fix a broken system at a critical time for humanity," Sean Lane, Olive CEO.
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