AI bot for hospitals that just raised $52M in VC adds another $106M for growth

Software maker Olive has raised another $106 million just five months after a $52 million round to supercharge growth of its artificial intelligence-powered bot that automates many health care administrative tasks like checking insurance eligibility.

The cumulative $158 million raised since the coronavirus pandemic began brings the Columbus technology company to a total of $222 million in venture capital since Drive Capital LLC first invested in 2013. Both investments make the top two 2020 VC rounds in Central Ohio to date.

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Story excerpt provided by CincyInno.

Written by Carrie Ghose.

Originally published September 17, 2020.

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