WalkMe Raises $75 Million to Accelerate Digital Adoption
We are happy to announce that WalkMe, the leading Digital Adoption Platform (DAP) and one of the fastest growing software companies globally, has raised $75 million in funding. Led by Insight Venture Partners, this latest round of financing is the largest to date, bringing the total to $167.5 million.
The funding will enable the company to evaluate strategic acquisition opportunities, strengthen its global reach, and invest in top tier talent. WalkMe will continue to support organizations as they embrace new solutions – from customer relationship management software, HR systems, and many others.
WalkMe transforms the user experience by using machine learning and deep analytics to understand individual habits and behaviors when using any software or website. With these insights, WalkMe’s DAP can contextually guide, engage and anticipate a user’s needs. This drives technology adoption, reduces helpdesk tickets, streamlines workflows and boosts productivity.
“Businesses have a surplus of available solutions that will get the job done quickly and cost effectively, but the irony is that these options can create inherent inefficiencies due to our ongoing need to learn and catch up with the latest technologies,” said Dan Adika, co-founder and CEO of WalkMe. “Our partnership with Insight Venture Partners gives us additional resources to accelerate our momentum into new markets, innovate rapidly, and deliver on our vision to train software to work with employees — rather than train employees on how to use the software.”
Since being founded in 2011, WalkMe has experienced impressive traction in the enterprise community. As growth accelerates, WalkMe continues to increase its capability to understand user behavior across devices. Earlier this year, the company acquired Abbi.io and Jaco, a mobile analytics and visual analytics company respectively, to bolster its abilities to gain real-time insights into user behavior. WalkMe has over 500 employees in seven offices worldwide, and customers include more than 25 percent of Fortune 500 companies.
“WalkMe demonstrates tremendous value in helping employees and customers better adopt technology,” said Jeff Horing, Managing Director, Insight Venture Partners. “The WalkMe team has an acute awareness of the digitization challenges facing every enterprise, and we look forward to our continued partnership as they fuel their strength in this market.”