Draft:Weave Communications
{{AFC submission|d|corp|u=NoPlotArmor|ns=118|decliner=Chetsford|declinets=20250504024445|ts=20250502160045}}
{{Short description|Publicly traded customer relationship management software for healthcare}}
{{Draft topics|internet-culture|software|business-and-economics|technology}}
{{AfC topic|product}}
{{Connected contributor|User1=NoPlotArmor|U1-declared=yes}}
{{Infobox company
| name = Weave Communications, Inc.
| logo = File:Weave Logo (2021).svg
| logo_size =
| type = Public
| traded_as = {{NYSE|WEAV}}
| industry = Healthcare IT, Customer relationship management
| founded = {{start date and age|2011|11}}
| founder = Brandon Rodman
| hq_location = Lehi, Utah, United States
| area_served = United States, Canada
| key_people = Brett White (CEO)
| products = Communication software, payment processing, digital intake forms, practice management tools
| revenue = {{US$|204.3 million|link=yes}} (2024)
| net_income = {{US$|-28.3 million|link=yes}} (2024)
| assets = {{US$|193.6 million|link=yes}} (2024)
| equity = {{US$|104.1 million|link=yes}} (2024)
| website = {{url|https://www.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. The company’s platform integrates VoIP phone systems, two-way texting, patient engagement tools, digital forms, insurance verification, and payment processing. Weave is publicly traded on the New York Stock Exchange under the symbol "WEAV."
History
- Weave launched in 2011 with an initial integration to Dentrix dental practice management software.
- In October 2019, Weave raised a $70 million Series D funding round at a private valuation of $970 million, led by Tiger Global Management.
- In December 2019, Weave announced plans to expand its Utah operations, projecting the creation of nearly 1,000 jobs over the next decade.
- In December 2020, Roy Banks was appointed chief executive officer (CEO), succeeding founder Brandon Rodman.
- Weave held its IPO on October 18, 2021, and began trading on the NYSE.
- Brett White, previously the company's chief operating officer (COO), became CEO in October 2022.
- In October 2024, Weave launched Call Intelligence, a generative AI-powered platform designed to automate call categorization and generate insights from patient communication data.
Products and services
Weave offers a cloud-based software platform for small and medium-sized healthcare practices alongside other customer engagement and payment solution providers.. Its services include:
- Voice over IP (VoIP) phone system for office communications
- Two-way business texting
- Appointment reminders and confirmations
- Digital intake forms and insurance verification tools
- Payment processing, including Text-to-Pay and mobile terminals
- Practice management analytics and insights
- Multi-location management solutions through Weave Enterprise
- Call Intelligence, launched in 2024, utilizes generative AI to categorize calls and identify revenue opportunities
Recognition
- 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.
- 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.
See also
References
|url=https://www.sec.gov/Archives/edgar/data/1609151/000160915125000022/weav-20241231.htm
|title=Weave 10-K Report for Fiscal Year Ending 2024
|website=SEC.gov
|access-date=2025-04-29
}}
|url=https://pulse2.com/weave-profile-brett-white-interview/
|title=Interview with Weave CEO Brett White
|work=Pulse 2.0
|date=2025-04-06
|access-date=2025-04-29
}}
|url=https://www.giiresearch.com/report/mx1587078-generative-ai-healthcare-market-assessment-by.html
|title=Generative AI in Healthcare Market Assessment
|work=GII Research
|date=2025-04-10
|access-date=2025-04-29
}}
|url=https://www.g2.com/best-software-companies/top-healthcare
|title=Best Healthcare Software Products 2025
|website=G2.com
|access-date=2025-04-29
}}
|url=https://www.iposcoop.com/ipo/weave-communications-inc/
|title=Weave Communications, Inc. IPO Profile
|website=IPOScoop.com
|access-date=2025-04-29
}}
|url=https://www.techbuzz.news/weave-listed-on-nyse-rings-opening-bell/
|title=Weave Listed on NYSE, Rings Opening Bell
|work=TechBuzz News
|author=Austin Craig
|date=2021-11-11
|access-date=2025-04-29
}}
|url=https://techcrunch.com/2019/10/27/utah-weave-series-d/
|title=Meet Utah's Next Unicorn
|work=TechCrunch
|author=Kate Clark
|date=2019-10-27
|access-date=2025-04-29
}}
|url=https://business.utah.gov/news/weave-communications-bringing-jobs-to-utah/
|title=Weave Communications to Bring Nearly 1,000 Jobs to Utah
|work=Utah Governor’s Office of Economic Opportunity
|author=Pete Codella
|date=2019-12-12
|access-date=2025-04-29
}}
|url=https://www.sec.gov/Archives/edgar/data/1609151/000162828021020169/weaves-1.htm
|title=Form S-1 - Weave Communications
|work=SEC.gov
|date=2021-11-01
|access-date=2025-04-29
}}
|url=https://www.utahbusiness.com/how-roy-banks-became-a-five-time-ceo/
|title=How Roy Banks Became a Five-Time CEO
|work=Utah Business
|date=2023-06-29
|access-date=2025-04-29
}}
|url=https://www.nasdaq.com/articles/weave-appoints-brett-white-as-new-ceo
|title=Weave Appoints Brett White as New CEO
|work=Nasdaq
|date=2022-10-04
|access-date=2025-04-29
}}
|url=https://www.deseret.com/utah/2021/11/12/22778460/utah-tech-startup-weave-black-ceo-went-public-heres-why-big-deal-representation-in-big-business
|title=This Utah tech startup, led by Black CEO, just went public
|work=Deseret News
|author=Art Raymond
|date=2021-11-12
|access-date=2025-04-29
}}
|url=https://cxscoop.com/latest-news/weave-launches-new-integrated-experiences-for-veterinary-clinics/
|title=Weave Launches New Integrated Experiences for Veterinary Clinics
|work=CX Scoop
|author=Angelina Maksimovic
|date=2023-04-21
|access-date=2025-04-29
}}
|url=https://www.healthcareittoday.com/2023/03/14/technology-of-digitized-patient-intake-forms/
|title=Technology of Digitized Patient Intake Forms
|work=Healthcare IT Today
|author=Andy Oram
|date=2023-03-14
|access-date=2025-04-29
}}
|url=https://newsroom.siliconslopes.com/news/weave-surpasses-1-billion-in-payments-processed/
|title=Weave Surpasses $1 Billion in Payments Processed
|work=Silicon Slopes
|author=Macy Reamer
|date=2022-02-17
|access-date=2025-04-29
}}
|url=https://seekingalpha.com/article/4606532-weave-communications-guides-to-lower-growth-in-2023
|title=Weave Communications Guides to Lower Growth in 2023
|work=Seeking Alpha
|author=Donovan Jones
|date=2023-05-22
|access-date=2025-04-29
}}
|url=https://www.inc.com/profile/weave
|title=Weave – Inc. Best Workplaces 2024
|website=Inc.com
|access-date=2025-05-02
}}
External links
- {{Official website|https://www.getweave.com/}}
{{DEFAULTSORT:Weave}}
{{Draft categories|
:Category:Companies listed on the New York Stock Exchange
:Category:Healthcare software companies
:Category:Companies based in Lehi, Utah
:Category:Customer relationship management software
:Category:Software companies established in 2011