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Draft:Weave Communications

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Weave Communications, Inc.
Company typePublic
NYSEWEAV
IndustryHealthcare IT, Customer relationship management
FoundedNovember 2011; 13 years ago (2011-11)
FounderBrandon Rodman
HeadquartersLehi, Utah, United States
Area served
United States, Canada
Key people
Brett White (CEO)
ProductsCommunication software, payment processing, digital intake forms, practice management tools
RevenueUS$204.3 million (2024)[1]
US$−28.3 million (2024)[1]
Total assetsUS$193.6 million (2024)[1]
Total equityUS$104.1 million (2024)[1]
Number of employees
854 (2024)[1]
Websitewww.getweave.com

Weave Communications, Inc. is an American software company based in Lehi, Utah, that develops customer relationship management (CRM) and communication software for small and medium-sized healthcare practices.[2][1] The company’s platform integrates VoIP phone systems, two-way texting, patient engagement tools, digital forms, insurance verification, and payment processing.[2] Weave is publicly traded on the New York Stock Exchange under the symbol "WEAV."[3]

History

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  • Weave launched in 2011 with an initial integration to Dentrix dental practice management software.[4][5]
  • In October 2019, Weave raised a $70 million Series D funding round at a private valuation of $970 million, led by Tiger Global Management.[6]
  • In December 2019, Weave announced plans to expand its Utah operations, projecting the creation of nearly 1,000 jobs over the next decade.[7]
  • In December 2020, Roy Banks was appointed chief executive officer (CEO), succeeding founder Brandon Rodman.[8][5]
  • Weave held its IPO on October 18, 2021, and began trading on the NYSE.[3]
  • Brett White, previously the company's chief operating officer (COO), became CEO in October 2022.[9]
  • In October 2024, Weave launched Call Intelligence, a generative AI-powered platform designed to automate call categorization and generate insights from patient communication data.[10]

Products and services

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Weave offers a cloud-based software platform for small and medium-sized healthcare practices alongside other customer engagement and payment solution providers.[11]. Its services include:

  • Voice over IP (VoIP) phone system for office communications[12]
  • Two-way business texting[13]
  • Appointment reminders and confirmations[13]
  • Digital intake forms and insurance verification tools[14]
  • Payment processing, including Text-to-Pay and mobile terminals[14][15]
  • Practice management analytics and insights[2]
  • Multi-location management solutions through Weave Enterprise[2]
  • Call Intelligence, launched in 2024, utilizes generative AI to categorize calls and identify revenue opportunities[2]

Recognition

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  • In 2024, Inc. (magazine) named Weave one of its Best Workplaces, recognizing the company for its employee-centric culture and support for small business clients.[16]
  • In 2025, G2 Crowd ranked Weave #4 on its list of Best Healthcare Software Products, with leadership designations in areas such as patient engagement and HIPAA-compliant messaging.[17]

See also

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References

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  1. ^ a b c d e f "Weave 10-K Report for Fiscal Year Ending 2024". SEC.gov. Retrieved 2025-04-29.
  2. ^ a b c d e "Interview with Weave CEO Brett White". Pulse 2.0. 2025-04-06. Retrieved 2025-04-29.
  3. ^ a b "Weave Communications, Inc. IPO Profile". IPOScoop.com. Retrieved 2025-04-29.
  4. ^ Austin Craig (2021-11-11). "Weave Listed on NYSE, Rings Opening Bell". TechBuzz News. Retrieved 2025-04-29.
  5. ^ a b "Form S-1 - Weave Communications". SEC.gov. 2021-11-01. Retrieved 2025-04-29.
  6. ^ Kate Clark (2019-10-27). "Meet Utah's Next Unicorn". TechCrunch. Retrieved 2025-04-29.
  7. ^ Pete Codella (2019-12-12). "Weave Communications to Bring Nearly 1,000 Jobs to Utah". Utah Governor’s Office of Economic Opportunity. Retrieved 2025-04-29.
  8. ^ "How Roy Banks Became a Five-Time CEO". Utah Business. 2023-06-29. Retrieved 2025-04-29.
  9. ^ "Weave Appoints Brett White as New CEO". Nasdaq. 2022-10-04. Retrieved 2025-04-29.
  10. ^ "Generative AI in Healthcare Market Assessment". GII Research. 2025-04-10. Retrieved 2025-04-29.
  11. ^ Donovan Jones (2023-05-22). "Weave Communications Guides to Lower Growth in 2023". Seeking Alpha. Retrieved 2025-04-29.
  12. ^ Art Raymond (2021-11-12). "This Utah tech startup, led by Black CEO, just went public". Deseret News. Retrieved 2025-04-29.
  13. ^ a b Angelina Maksimovic (2023-04-21). "Weave Launches New Integrated Experiences for Veterinary Clinics". CX Scoop. Retrieved 2025-04-29.
  14. ^ a b Andy Oram (2023-03-14). "Technology of Digitized Patient Intake Forms". Healthcare IT Today. Retrieved 2025-04-29.
  15. ^ Macy Reamer (2022-02-17). "Weave Surpasses $1 Billion in Payments Processed". Silicon Slopes. Retrieved 2025-04-29.
  16. ^ "Weave – Inc. Best Workplaces 2024". Inc.com. Retrieved 2025-05-02.
  17. ^ "Best Healthcare Software Products 2025". G2.com. Retrieved 2025-04-29.
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