ETHERFAX announced that it has received a strategic investment led by Telegraph Hill Partners and acquired Weave Cloud Solutions’ flagship product, Weave Flow, an AI-powered intelligent document processing solution.
The investment and acquisition will support ETHERFAX as it expands its cloud fax, workflow automation, and AI-powered document processing capabilities for healthcare organizations, U.S. government agencies, and other highly regulated industries.
ETHERFAX said the growth capital will help accelerate new feature development, technology expansion, and service enhancements. The company plans to use the investment to help customers migrate from legacy faxing systems to cloud-based networks with customizable digital fax solutions and software applications.
As part of ETHERFAX’s solution suite, Weave Flow will become ETHERFAX Flow. The AI-powered platform is designed to help organizations reduce administrative burdens, improve team efficiency, and streamline mission-critical workflows.
ETHERFAX is a secure document exchange and cloud fax provider serving healthcare, government, and enterprise customers. The company said its platform helps teams send, receive, and act on critical information by turning paper documents into context-rich data that can be exchanged between applications and systems.
The company’s commercial document exchange solutions comply with HIPAA and SOC 2 standards and are certified to meet HITRUST CSF R2, PCI DSS 4.01 Level 1, and NIST v1.1 cybersecurity requirements. Its U.S. government services meet FedRAMP High baseline requirements and Department of Defense CC SRG Impact Level 5 cybersecurity controls.
Telegraph Hill Partners said its investment reflects confidence in ETHERFAX’s secure document delivery and workflow automation platform, especially for healthcare and government customers that require high levels of security and compliance.
KEY QUOTES:
“Partnering with Telegraph Hill Partners further solidifies ETHERFAX’s goal of building cutting-edge solutions that securely integrate data between systems, allowing organizations to enhance productivity and increase value for the team members that use these applications every day.”
“THP’s investment will accelerate our growth and strengthen our ability to deliver exceptional document routing and workflow automation solutions to our partners and customers. We are excited about the opportunities this partnership brings and look forward to achieving new milestones together.”
Jay Volk, CEO of ETHERFAX
“We see immense potential in ETHERFAX’s innovative approach to secure document delivery and workflow automation.”
“Over many conversations with current ETHERFAX and Flow customers, we have confirmed the value their Infrastructure as a Service (IaaS) and software solutions bring to the healthcare setting and the U.S. government. Their comprehensive solution suite focuses on the highest levels of security and compliance required by their users and addresses critical needs in the public and private sectors. We are thrilled to support their vision and growth as they expand in these markets.”
Rob Hart, Partner at Telegraph Hill Partners
