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Tuesday, October 28, 2025

Olive: Raises $106M in Funding

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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
  • Olive, a Columbus, OH-based healthcare AI workforce company, secured $106m in financing
  • The round was led by an equity investment from General Catalyst and Drive Capital, along with Ascension Ventures, Oak HC/FT and SVB Capital
  • Then the company, which has raised over $220m to date, intends to use the funds to continue to expand operations and its business reach
  • Olive works as an extension of human workforce for hospitals and healthcare systems to automate tasks across departments
  • Its AI workforce has adopted by over 600 hospitals, including 22% of the top 100 health systems in the country
  • Then the company has a team of over 360 employees
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