WalkMe Raises $90 Million in Latest Funding Round
It’s been an incredible year of growth and progress here at WalkMe.
We are grateful and proud to announce that we closed our latest funding round with $90M led by Vitruvian Partners, with participation from existing investor Insight Partners.
The news was celebrated throughout all of our WalkMe offices worldwide, in San Francisco, New York, Raleigh, London, Paris, Berlin, Tel Aviv, Singapore, Sydney, and Tokyo.
Rafael Sweary, WalkMe Co-founder and President shared what this investment means to us:
“This latest round of funding speaks to our success and to the untapped potential of digital adoption. WalkMe transforms how organizations gain visibility into their end-to-end business processes, driving workforce productivity, increasing customer satisfaction, and achieving higher operational efficiencies.”
WalkMe Co-founders, Dan Adika and Rafael Sweary
Marking the year’s milestones
In the last year, WalkMe has seen our:
- Valuation nearly double
- ARR cross over $100M
- New users increase by 50% totaling 750M end-users worldwide
- Employee growth increase by 26% totaling a workforce of over 800 people
Throughout the digital transformation journey, organizations lacking a digital adoption strategy face a costly and often losing battle. WalkMe’s DAP makes it effortless to use any software, website or app – analyzing and automating processes so users can complete tasks faster and easier, while executives can glean valuable insights from the plethora of data.
“In a few short years, WalkMe has emerged as the category-defining market leader in the fast-growing Digital Adoption Solutions space,” said Mike Risman, Managing Partner of Vitruvian Partners. “We are excited to partner with WalkMe as an investor during this pivotal time of accelerated growth and global expansion as the company capitalizes on its market leadership. WalkMe helps the world’s most forward-looking enterprises deliver on their digital transformation strategy. The company’s platform delights employees with more efficient software interactions, empowers business process owners to steer and re-engineer workflows and provides analytics to help CIOs manage the complexity of the digital transformation proactively.”
Where we are and where we’re going
Executives of global organizations rely on WalkMe’s Digital Adoption Platform (DAP) to boost the ROI on costly enterprise software investments by ensuring that all users and executives get the maximum value out of their tools. WalkMe’s automation feature, for example, has given our customers an 81% higher success rate for completing certain business processes, allowing them to complete three times as many tasks in the same amount of time.
WalkMe will use the investment to drive expansion into new markets, including Latin America, and will continue to invest in and rapidly scale its Digital Adoption Platform to meet growing customer demand.
Most of all, we will continue to realize our digital adoption vision, by bridging the digital gap between humans and technology.
We can’t wait to see what 2020 has in store for WalkMe and digital transformation worldwide.
