WalkMe, the leading digital adoption platform and one of the fastest growing software companies globally, today announced that it has raised $75 million in funding, led by Insight Venture Partners. The latest round of financing brings the total to $167.5 million.
The latest funding – its largest round to date – will enable the company to evaluate strategic acquisition opportunities, strengthen its global reach, invest in key talent and 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. Based on these insights, WalkMe can contextually guide, engage and anticipate a user’s needs. This ensures technology adoption, reduces helpdesk tickets, streamlines workflows and boosts productivity.
“Businesses have a surplus of solutions available to 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, cofounder 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.”
Founded in 2011, WalkMe has experienced impressive traction in the enterprise. 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, with customers including more than 25 percent of the Fortune 500.
“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.”
About WalkMe
WalkMe provides a digital adoption platform that simplifies the user experience and drives action using insights, engagement and guidance capabilities. Using analytics and machine learning, WalkMe’s context-intelligent platform anticipates users’ needs and provides help exactly when and where they need it. WalkMe is used by over 1,000 companies globally, including more than 25 percent of Fortune 500 companies. For more information visit www.walkme.com.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in nearly 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit www.insightpartners.com or follow us on Twitter: @insightpartners.
