Olive - About the company
Olive is a series H company based in Columbus (United States), founded in 2012 by Sean Lane, Jon Puz and Brad Mascho. It operates as a Provider of AI-based platform for administrative solutions. Olive has raised $902M in funding from investors like General Catalyst, Drive Capital and Oak HC/FT, with a current valuation of $4B. The company has 1302 active competitors, including 106 funded and 79 that have exited. Its top competitors include companies like Huma, Electronic Care Corp and Siemens Healthineers.
Sectors and market segments that Olive operate in
Olive serves in the HealthTech market segments.The primary business model of Olive is:Company Details
Provider of AI-based platform for administrative solutions. The AI-based platform enables organizations to perform eligibility checks, unadjudicated claims, code matching, and data migrations to optimize administrative errors. The platform also offers solutions to manage customers' efficiency, reduce risk, staff productivity, cost expenses, and investments.
- Website
- oliveai.com
- Social
- Email ID
- *****@oliveai.com
- Phone Number
- +1 **********
- Registered Address
- Columbus, Ohio
Key Metrics
Founded Year
2012
Location
Columbus, United States
Stage
Series H
Total Funding
$902M in 10 rounds
Latest Funding Round
Post Money Valuation
$4B as on Oct 25, 2023
Investors
Ranked
14th among 1302 active competitors
Employee Count
759 as on May 31, 2026
Investment & Acquisitions
Legal entities associated with Olive
Olive is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CROSSCHX, INC. CIN: 464455633 , United States, Active | Dec 31, 1999 | - | 659 (As on Dec 31, 2022) | - |
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Olive's funding and investors
Olive has raised a total funding of $902M over 10 rounds. Its first funding round was on Aug 12, 2013. Its latest funding round was a Series H round on Jul 01, 2021 for $400M. 3 investors participated in its latest round. Olive has 25 institutional investors.
Here is the list of recent funding rounds of Olive:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 01, 2021 | $400M | Series H | $4B | - | ||
Dec 01, 2020 | $226M | Series G | - | - | ||
Sep 17, 2020 | $106M | Series F | - | - |
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Olive's founders and board of directors
Founder? Claim ProfileHere are the details of Olive's key team members:
- Sean Lane: Former Co-Founder of Olive and founder of 1 other company.
- Jon Puz: Co-Founder & Chief Operating Officer of Olive.
- Brad Mascho: Co-Founder of Olive.
View details of Olive's Founder profiles and Board Members
Olive's employee count trend
Olive has 759 employees as of May 26. Here is Olive's employee count trend over the years:
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Olive's Competitors and alternates
Top competitors of Olive include Huma, Electronic Care Corp and Siemens Healthineers. Here is the list of Top 10 competitors of Olive, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Huma 2011, London (United Kingdom), Series D | Developer of regulated software platforms for digital health care workflows | $355M | 76/100 | |
2nd | Electronic Care Corp 1999, United States, Acquired | Cloud-based administrative suite solutions for healthcare providers | $159M | 76/100 | |
3rd | Siemens Healthineers 2017, Forchheim (Germany), Public | Provider of medical imaging laboratory diagnostics and clinical digital solutions | - | 75/100 | |
4th |  Confido Health 2022, Jersey City (United States), Series A | AI agents for healthcare administrative task automation and support | $13.2M | 66/100 | |
5th |  MedeAnalytics 1994, Richardson (United States), Acquired | Healthcare data analytics and AI solutions for improved patient care | $57M | 65/100 | |
6th | hc1.com 2011, Indianapolis (United States), Series B | Transforming labs into strategic assets with actionable data and healthcare solutions | $52.1M | 63/100 | |
7th |  Artera 2015, Santa Barbara (United States), Series D | Provider of a patient communication platform for healthcare organizations | $110M | 63/100 | |
8th |  Synthpop 2023, Cambridge (United States), Series A | AI-powered clinical management software | $25.8M | 63/100 | |
9th |  Infinitus 2019, San Francisco (United States), Series C | Developer of AI agents for automating healthcare-related phone calls and tasks | $103M | 63/100 | |
10th | HealthTrust 1999, Nashville (United States), Unfunded | Digital administrative tasks management tool for providers | - | - | 62/100 |
14th | Olive 2012, Columbus (United States), Series H | Provider of AI-based platform for administrative solutions | $902M | 58/100 |
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Olive's Investments and acquisitions
Olive has acquired 3 companies including Healthcare IP, Empiric Health and Verata Health. Olive has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 10, 2021 | Acquisition | 2013 | Edmond (United States) | |
Apr 13, 2021 | Acquisition | 2017 | Salt Lake City (United States) | |
Dec 03, 2020 | Acquisition | 2017 | Minneapolis (United States) |
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Reports related to Olive
Here is the latest report on Olive's sector:
News related to Olive
Filter this list•
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BurstIQ Took Over Business Intelligence Platform from Olive AIEnterpriseTalk•Jun 14, 2023•BurstIQ, Olive
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Availability acquires business unit of healthcare automation company Olive AIFusoes & Aquisicoes•Apr 12, 2023•Olive, Availity
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AI company Olive loses 2 health system clients, selling some assetsBecker's Hospital Review•Oct 05, 2022•Olive
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Olive Partners with Magenta to Revolutionize Risk Adjustment ProcessHIT Consultant•May 20, 2022•Olive, Magenta
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GuideWell and Olive Debut First-Of-Its-Kind AI Solution to Accelerate Access to Health CareAiThority•Feb 17, 2022•GuideWell, Olive
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FAQs about Olive
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