Software maker Olive has raised $51 million toward a goal of tenfold increase in hospitals using its artificial intelligence-powered bot that automates many administrative tasks like checking insurance eligibility.
The round was led by General Catalyst. The venture capitalist firm with offices in Silicon Valley and the Boston area has invested in companies including Airbnb, Stripe and Warby Parker; Forbes reported this week the firm closed at a $2.3 billion fund.
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Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Originally published March 31, 2020.