The final nail in the coffin for Olive AI

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PREVIEW EDITION Start your 14-day free trial for unlimited access to Axios Pro. Exclusive Content PREVIEW EDITION Start your 14-day free trial for unlimited access to Axios Pro. Smart Brevity™ count: 187 words, 1 minute. Unlock full access or forward to a colleague. Smart Brevity™ count: 187 words, 1 minute. Unlock full access or forward to a colleague. Scoop: Health automation company Olive AI is shutting down This scoop was exclusively broken by Axios Pro Health Tech deals reporter Erin Brodwin.   Once-buzzy AI startup Olive is selling the remainder of its assets and winding down operations, per two memos viewed by Axios.   Why it matters: It marks the final nail in the coffin for Olive, whose purple "go save health care" buses once dominated industry conferences.   Details: Based in Columbus, Ohio, Olive sold its remaining business lines to health care companies Waystar and Humata Health and, per a memo, "will wind down the remainder of its business." Check out Erin's previous coverage of Olive AI:  Scoop: Olive AI plans to divest second major business line $4 billion health tech startup Olive overpromises and underdelivers Read the full story Today's Top Deals Fintech: Animoca Brands, a Web3 gaming company, is raising $25m in convertible notes from Saudi Arabia's NEOM megaproject. NEOM is also buying $25m in secondaries.  View all 4 deals. SkyCell, a Swiss developer of medicine and vaccine transportation containers, raised $57m at a $600m valuation led by Catalyst. View all 7 deals. Climate: Samara, an SF-based maker of tiny homes, raised $41m. Thrive Capital led, and was joined by 8VC, General Catalyst, New Legacy, Ron Conway's SV Angel, and Airbnb. View all 13 deals. Media: KKR completed its $1.62b all-cash acquisition of book publisher Simon & Schuster from Paramount Global (Nasdaq: PARA). View all 3 deals. Retail: Clariant, a Swiss chemicals company, has agreed to acquire Lucas Meyer Cosmetics from International Fragrance and Flavors for $810m. View all 2 deals. 🔎 Analyze all of today's deals with Deals Tracker, our AI-powered research tool. Analyze today's deals Today's top stories Fintech ○ Health Tech ○ Retail ○ Media ○ Climate Fintech ○ Health Tech ○ Retail ○ Media ○ Climate Exclusive: Neuros Medical gets $25M to relieve post-amputation pain Exclusive: ESG Flo raises $5.25M to automate data gathering QI Tech bags $200 million with eye on M&A Money20/20 state of dealmaking: Points for creativity This is just a small fraction of today's Axios Pro reporting. Start your free trial to unlock daily newsletters, exclusive events, Deals Tracker and more. 🎉 Use code PRO100 to get $100 off your subscription. Cancel any time. Get started today 3100 Clarendon Blvd Arlington VA 22201 Contact Us Update Preferences Unsubscribe LinkedIn Facebook Twitter Instagram 3100 Clarendon Blvd Arlington VA 22201 Contact Us Update Preferences Unsubscribe LinkedIn Facebook Twitter Instagram