Olive
Olive AI Inc. was a Columbus, Ohio-based healthcare process automation company that built an AI-based robotic process automation platform for U.S. hospital systems, automating administrative tasks such as prior authorizations and revenue cycle workflows across 900+ U.S. hospitals before shutting down.
- Company typePrivate
- Founded2012
- HeadquartersColumbus, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Olive does
Olive AI Inc. was a healthcare process automation company founded in 2012 and headquartered in Columbus, Ohio. It developed an AI-based robotic process automation platform that automated administrative workflows for U.S. healthcare providers, with documented capabilities spanning prior authorization (integrated with Epic EHR), claims and revenue cycle management, and broader hospital administrative tasks. At its peak the platform was operational in over 900 U.S. hospitals, making it one of the most widely deployed automation tools in U.S. healthcare administration.
The company's product strategy centered on a unified automation platform acquired and built through organic development and three acquisitions (Verata Health in December 2020, Empiric Health in April 2021, and Healthcare IP in August 2021). Following a $400 million July 2021 funding round led by Vista Equity Partners at a $4 billion post-money valuation, Olive announced plans to open its software platform to third-party developers, signaling a shift from single-vendor tool to platform play. Total lifetime funding reached approximately $902 million.
Olive operated as a privately held, venture-backed B2B SaaS business using a subscription/recurring revenue model with direct enterprise sales targeting large hospital systems and health systems. The company ultimately shut down entirely in 2024-2025, and is cited in industry coverage as a high-profile cautionary tale about unsustainable unit economics in digital health despite massive capital raised.
Olive firmographics
Firmographics- Name
- Olive
- Legal name
- Olive AI Inc.
- Website
- https://oliveai.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Closed
- Headcount range
- 1,001–5,000 employees
- Short description
- Olive AI Inc. was a Columbus, Ohio-based healthcare process automation company that built an AI-based robotic process automation platform for U.S. hospital systems, automating administrative tasks such as prior authorizations and revenue cycle workflows across 900+ U.S. hospitals before shutting down.
- Ownership category
- akta.pro rank
Olive industry classification
Industry- Product category
- Healthcare Process Automation Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Robotic Process Automation (RPA) Platforms (HDAEAHAB)
- akta.pro secondary industries
- iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG), End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)
Keywords
Where Olive is headquartered
LocationHeadquarters
- HQ city
- Columbus
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Olive business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Healthcare Automation SaaS: B2B SaaS revenue model providing robotic process automation software to healthcare providers. The company sold automation solutions to hospital systems for administrative task automation.
Go-to-market motion1 record
Distribution channels1 record
Olive product offering
Product offeringCore offering
Olive developed and sold an AI-powered robotic process automation (RPA) platform that automated manual administrative workflows for healthcare providers, including prior authorizations, claims processing, and revenue cycle management. The platform was deployed across more than 900 U.S. hospitals, with integration into Epic EHR systems, and the company planned to open the platform to developers for further customization. Olive AI has since ceased operations.
Product overview
Olive was a healthcare process automation company offering a unified robotic process automation platform for healthcare providers. The platform automated manual tasks such as prior authorizations, enhanced reliability, and was deployed across over 900 U.S. hospitals. The company planned to open its software platform to developers. Note: Olive AI has shut down according to multiple sources (2026).
Differentiator
Problem solved
Functional benefit
Products and services
- Olive AI Platform
Quantifiable outcome
- Operational in 900+ U.S. hospitals
Companies that use Olive
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Olive technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature1 record
Olive partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights4 records
Olive competitors and assessment
Company assessmentDirect peers
- Waystar: Waystar provides healthcare revenue cycle management and automation software to hospitals and health systems, directly competing with Olive on administrative task automation, claims management, and prior authorization use cases.
- Notable: Notable offers healthcare-specific intelligent automation (RPA) for administrative and clinical workflows at hospital systems, directly overlapping with Olive's hospital RPA value proposition and target customers.
- Cohere Health: Cohere Health provides AI-powered prior authorization and utilization management for health plans and providers, directly competing with Olive's flagship prior authorization automation capability.
- Cedar: Cedar provides a healthcare financial experience platform including patient billing, engagement, and administrative workflows, directly overlapping with parts of Olive's administrative automation focus at health systems.
- LeanTaas: LeanTaas provides AI-driven healthcare operations and process automation for hospital systems, directly competing with Olive in hospital administrative workflow optimization and operational efficiency.
- Infinx Healthcare: Infinx provides healthcare revenue cycle and prior authorization automation for hospitals and imaging centers, competing with Olive on RCM and authorization use cases across similar hospital customer segments.
Broad incumbents
- UiPath: UiPath is a leading enterprise RPA platform with healthcare-specific offerings and customer bases in hospitals, providing broader process automation capabilities that overlapped with Olive's healthcare RPA focus.
- Automation Anywhere: Automation Anywhere is a major enterprise RPA and intelligent automation platform serving healthcare among many industries, providing generalized RPA infrastructure that competed with Olive's stack at hospital customers.
- R1 RCM: R1 RCM is a major healthcare revenue cycle management company serving large hospital systems, competing with Olive on revenue cycle and administrative workflow automation use cases.
Emerging players
- Anterior: Anterior applies AI to clinical prior authorization and medical necessity review, intersecting directly with Olive's prior authorization automation capability for providers and payers.
Market position
Strengths1 record
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Olive social profiles
Digital presenceOlive financial estimates
Financial estimateRevenue estimate
Valuation estimate
Olive leadership team
Management profileNumber of profiles
Profiles19 records
Olive funding detail
Funding detailFunding overview
Funding rounds9 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Olive M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Olive
What does Olive do?
Olive developed and sold an AI-powered robotic process automation (RPA) platform that automated manual administrative workflows for healthcare providers, including prior authorizations, claims processing, and revenue cycle management. The platform was deployed across more than 900 U.S. hospitals, with integration into Epic EHR systems, and the company planned to open the platform to developers for further customization. Olive AI has since ceased operations.
Is Olive a public or private company?
Olive is a private company. It is classified as venture growth investor backed and is currently closed.
When was Olive founded?
Olive was founded in 2012. It employs 1,001 to 5,000 people.
Where is Olive based?
Olive is headquartered in Columbus, United States, in the North America region.
How does Olive make money?
One revenue line is on record: healthcare Automation SaaS.
Who are Olive's main competitors?
Direct peers on record are Waystar, Notable, Cohere Health, Cedar, LeanTaas and Infinx Healthcare. Broad incumbents are UiPath, Automation Anywhere and R1 RCM. Anterior is listed as an emerging player.
Does Olive have an API?
No public API is recorded for Olive.
What industry is Olive in?
Olive's product category is Healthcare Process Automation Software. Its primary akta.pro industry code is HDAEAHAB, Robotic Process Automation (RPA) Platforms, with a secondary code of HDAEAHAG, iBPMS (Intelligent BPM Suites) & Process Automation Suites. Its NAICS code is 54151 and its SIC code is 7372.