WalkMe explained

WalkMe
Type:Public
Traded As:NASDAQ:
Industry:SaaS, software, no-code development platform, artificial intelligence, Business process automation
Language:English, Multi-language
Location:71 Stevenson Street, Floor 20[1]
San Francisco, California, U.S.
Subsidiaries:Abbi, Jaco, DeepUI, Zest
Employees:1,100
Revenue: $245 million (2022)[2]
Key People:Dan Adika (CEO)
Rafael Sweary (President)
Hagit Inon (Interim CFO)
Products:WalkMe Digital Adoption Platform (DAP)

WalkMe is an American multinational software-as-a-service (SaaS) company, with headquarters in San Francisco, California.[3] [4] [5] Its digital adoption platform (DAP) was recognized in Everest Group's PEAK Matrix Assessment of DAP vendors as the leading DAP product.[6] Alongside its headquarters in San Francisco, the company has offices in Raleigh, North Carolina; Tel Aviv, Israel, and a global footprint including the United Kingdom, Australia, and Japan.[7]

WalkMe has more than 2,000 corporate customers[8] and has been recognized on the Forbes Cloud 100 for five consecutive years.[9] As of December 2019, WalkMe has raised more than 307 million in venture capital funding and is valued at 2 billion, making it a unicorn company.

The company's initial public offering (IPO) took place on June 16, 2021, and resulted in a valuation of 2.56 billion.[10]

History

WalkMe Inc. was founded in 2011 by Dan Adika, Rafael Sweary, Eyal Cohen and Yuval Shalom Ozanna. In April 2012, they launched the product WalkMe.[4] [11] In 2017, WalkMe acquired mobile A/B testing and app engagement platform Abbi,[12] and analytics startup Jaco.[13] User interface artificial intelligence company DeepUI.ai was acquired in June 2018,[14] and information enablement tool Zest was acquired in 2021.[15] On June 5, 2024 SAP announced that it has entered into an agreement to acquire WalkMe.[16]

Corporate affairs

In April 2020, WalkMe and Microsoft announced a partnership in which WalkMe's DAP is embedded in Microsoft Dynamics 365 for customers and partners.[17]

In May 2020, Andrew Casey was appointed as the company's first Chief Financial Officer (CFO). Casey, who was previously with ServiceNow, joined WalkMe with 29 years of experience in corporate and operational finance for both private and publicly traded companies.[18]

In October 2020, WalkMe launched its Digital Adoption Institute to the public for providing a scholarship and upskilling courses in digital adoption.[19]

Funding

WalkMe has raised 307.5 million in nine rounds of funding. The company was valued at 2 billion after its Series G round in December 2019.

Notes and References

  1. Web site: WalkMe US Headquarters. WalkMe. 7 January 2018.
  2. Web site: WalkMe Ltd. Announces Fourth Quarter 2022 Financial Results. WalkMe.
  3. Web site: WalkMe raises $11M to hold your hand as you click through websites . Dylan Tweney . VentureBeat . 2014-04-01 . 2014-06-16.
  4. Web site: Klie . Leonard . Customer Support: Keeping Up with the Digital Migration – CRM Magazine . Destinationcrm.com . 2013-11-01 . 2014-06-16.
  5. Web site: 2014 Digital Marketing Forecast: 7 Trends To Watch. Nusaresearch.com. 9 August 2017.
  6. News: Digital Adoption Platform (DAP) Products PEAK Matrix® Assessment with Technology Vendor Landscape 2020 . 14 April 2021 . Everest Group.
  7. News: WalkMe headquarters and office locations . 5 April 2021 . craft.co.
  8. News: WalkMe . 5 April 2021 . Frost & Sullivan.
  9. News: The Cloud 100 2020 . 5 April 2021 . Forbes . en.
  10. News: Solomon . Shoshanna . Israel's WalkMe raises $287 million in Nasdaq IPO at $2.5 billion valuation . 20 June 2021 . www.timesofisrael.com . 16 June 2021.
  11. Web site: The Company . WalkMe . 2014-06-16.
  12. Web site: WalkMe acquires Abbi.io to add mobile A/B testing and engagement – TechCrunch. Ingrid. Lunden. Techcrunch.com. 13 January 2017 . 9 August 2017.
  13. News: Keane. Jonathan. Israel's WalkMe acquires analytics startup Jaco. 10 December 2017. TechEU. April 4, 2017.
  14. News: WalkMe buys Israeli machine learning co DeepUI . 14 April 2021 . Globes . 20 June 2018 . en.
  15. News: Tel Aviv-founded digital adoption platform WalkMe acquires AI search company Zest . 20 June 2021 . Tech.eu.
  16. Web site: SAP Enters into Agreement to Acquire WalkMe, Driving Business Transformation by Enhancing the Customer Experience and Enriching SAP Business AI Offerings . SAP SE . 2024-06-05 . 2024-06-06.
  17. News: Microsoft joins digital platform WalkMe to boost Dynamics 365 sales . 14 April 2021 . Express Computer . 7 April 2020.
  18. News: Muskett . Lauren . CFOs On the Move: Week Ending March 13 . 14 April 2021 . CFO . 13 March 2020.
  19. News: Digital Adoption Institute Launches with Free Scholarships to Fuel the Reskilling Revolution . 14 April 2021 . finance.yahoo.com.
  20. News: Help Gratefully Received: On-Screen Web Guidance System WalkMe Picks Up $1M+ From Mangrove . 14 April 2021 . TechCrunch.
  21. News: Online Guidance System WalkMe Raises Another $5.5M To Make Sure That We Never Get Lost On A Website Again . 14 April 2021 . TechCrunch.
  22. News: Website guide co WalkMe raises $11m – Globes . 14 April 2021 . en.globes.co.il . 1 April 2014 . he.
  23. News: WalkMe Raises Another $25M For Its Platform To Get Around Websites And Software More Easily . 14 April 2021 . TechCrunch.
  24. News: On-screen guidance startup WalkMe raised $50M led by Insight, now valued around $400M . 14 April 2021 . TechCrunch.
  25. News: WalkMe leads wave of Israeli startup funding with $75 million . 14 April 2021 . Haaretz.com . en.
  26. News: WalkMe raises $90 million to help people navigate user interfaces with on-screen prompts . 12 April 2021 . VentureBeat . 9 December 2019.
  27. https://news.sap.com/2024/06/sap-enters-agreement-to-acquire-walkme/

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "WalkMe".

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