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Olive AI

Healthcare automationUSA
💀 Dead / Bankrupt
Peak $4 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2020
  2. 📈
    Peak valuation
    $4 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$0
Current status
Shut down 2023

How it happened

Olive AI built automation software for healthcare administrative workflows and raised about $852M, reaching a ~$4B valuation in 2021. The company struggled to deliver promised efficiencies, narrowed its focus, and ran short of capital. After selling off business lines, it shut down in 2023, a near-total loss for investors.

Source: TechCrunch/Seattle Times; raised $852M