AI startup Olive is calling it quits after raising $848 million

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Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Startup Olive AI Inc. is shutting down after raising $848 million in venture capital since it was formed in 2013.

The company, which makes AI-powered software to automate hospital administrative tasks, was one of the first companies in the portfolio of Columbus VC firm Drive Capital LLC. The VC firm declined to comment on Olive.

 

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