Weave Communications Acquires TrueLark from Elevate Capital

Weave Communications Acquires TrueLark from Elevate Capital

Weave Communications has acquired TrueLark, an AI-powered front-desk automation platform, from Elevate Capital, marking another successful exit for the venture capital firm.

Elevate Capital announced the acquisition of its portfolio company, TrueLark, by Weave Communications, as stated in a press release. TrueLark, based in Palo Alto, California, is known for its AI-powered front-desk automation platform that serves healthcare, beauty, and wellness businesses by handling tasks such as appointment scheduling and customer inquiries.

The acquisition enhances Weave's capabilities in front-office automation and accelerates its product roadmap for AI-powered solutions in the healthcare and wellness sectors. TrueLark's integration will allow Weave to expand its service offerings across more business types while maintaining a strong presence in key growth verticals.

Elevate Capital, which invested in TrueLark as part of its first fund in 2017, marks this as its eighth successful exit. The venture capital firm has been instrumental in supporting TrueLark's growth, leveraging its network and expertise in healthcare technology to foster innovation and expansion.

We hope you enjoyed this article.

Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.

Also, consider following us on social media:

AI Brief
AI Brief (X)

More from: Funding

Subscribe to Daily AI Brief

Daily report covering major AI developments and industry news, with both top stories and complete market updates

Market report

Superagency in the Workplace: Empowering People to Unlock AI’s Full Potential

This report explores the transformative potential of artificial intelligence in the workplace, emphasizing the readiness of employees versus the slower adaptation of leadership. It highlights the significant productivity growth potential AI offers, akin to historical technological shifts, and discusses the barriers to achieving AI maturity within organizations. The report also examines the role of leadership in steering companies towards effective AI integration and the need for strategic investments to harness AI's full capabilities.

Read more

You May Also Like