Tiger Global-Backed Hospital Software Maker Olive AI Reaches $1.5 Billion Value
- Tiger Global leads $225.5 million round in Ohio startup
- Olive’s software automates insurance claims, supply chains
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An Ohio startup that helps hospitals automate routine tasks is now valued at $1.5 billion after a funding round led by Tiger Global Management.
Olive AI Inc. received an investment of $225.5 million in the round, which included new investors Alphabet Inc.’s GV, Sequoia Capital, Dragoneer Investment Group and Transformation Partners, according to a statement. Existing investors General Catalyst and Drive Capital also joined the round.