Vista Equity Partners, a global investment firm focused on enterprise software, data, and technology-enabled businesses, led a $400 million funding round, with additional investment from the Base10 Partners Advancement Initiative, in Olive, the automation company focused on facilitating the Internet of Healthcare. As a Base10 Advancement Initiative portfolio company, Olive will contribute to scholarship and financial aid awards for America’s Historically Black Colleges and Universities, which will become known as The Olive Scholarship.
Olive’s AI workforce connects patients, providers and payers to automate workflows and support human workforces.
“Olive is the leading force for rapid product development to better empower the humans in healthcare. She is being hired at health systems and insurance companies across the country at lightning speed,” said Sean Lane, CEO of Olive. “Olive’s widespread adoption as mission-critical tech makes it clear that now is the time for the healthcare industry to pull into the lead position for enterprise AI adoption.”
“At Vista, we believe in the transformative power of technology and see incredible potential in Olive’s ability to connect healthcare providers in new ways,” said Monti Saroya, co-gead of Vista’s flagship fund and senior managing director. “We believe the company’s AI capabilities are poised to deliver true disruption to the healthcare industry through automating and optimizing workflows, improving interoperability and turning critical data into actionable insights. We look forward to working closely with Olive’s management team as they continue to execute on their vision.”