WalkMe

WalkMe is an American multinational software-as-a-service (SaaS) company, with headquarters in San Francisco, California. Its digital adoption platform (DAP) was recognized in Everest Group's PEAK Matrix Assessment of DAP vendors as the leading DAP product. 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.

WalkMe has more than 2,000 corporate customers and has been recognized on the Forbes Cloud 100 for five consecutive years. As of December 2019, WalkMe has raised more than US$307 million in venture capital funding and is valued at US$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 US$2.56 billion.

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. In 2017, WalkMe acquired mobile A/B testing and app engagement platform Abbi, and analytics startup Jaco. User interface artificial intelligence company DeepUI.ai was acquired in June 2018, and information enablement tool Zest was acquired in 2021. On June 5, 2024 SAP announced that it has entered into an agreement to acquire WalkMe.

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.

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.

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

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


 * In April 2012, WalkMe raised US$1 million in its Series A round, led by Mangrove Capital Partners.
 * In October 2012, it raised its Series B funding of US$5.5 million, led by Gemini Israel Ventures.
 * In April 2014, WalkMe raised US$11 million in its Series C funding round led by Scale Venture Partners.
 * In June 2015, WalkMe raised Series D of US$25 million, led by Greenspring Associates.
 * In May 2016 and July 2017, WalkMe raised a total of US$125 million in its Series E round led by Insight Partners.
 * In September and November 2018, WalkMe raised Series F funding of US$50 million from Insight Partners and EDBI.
 * In December 2019, WalkMe raised US$90 million in its Series G round of funding led by Vitruvian Partners.
 * In June 2024 it was announced at SAP Sapphire that a definitive agreement was entered into under which SAP will acquire WalkMe for US $14.00 per share in an all-cash transaction, representing an equity value of approximately US $1.5 billion. The offer price represents a 45% premium to WalkMe’s closing share price on June 4, 2024.