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Website Navigation Co WalkMe Raises $75M

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Thursday, July 27th, 2017

The latest funding will enable the Israeli company to evaluate strategic acquisition opportunities, strengthen its global reach and more.

Original article from Globes:

Israeli website navigation company WalkMe has raised $75 million in a financing round led by Insight Venture Partners. The latest round of financing brings the total raised by WalkMe to $167.5 million.

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.

CEO Dan Adika said, “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.

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.”

Earlier this year, the company acquired 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’s solutions can be applied to virtually any industry, including telecommunications, retail & eCommerce, healthcare, banking and the public sector.