WalkMe has successfully closed another round of funding to the tune of $90 million, according to a company announcement. This round of investment was led by Vitruvian Partners, with Insight Partners also participating.
WalkMe is a “digital adoption platform” (DAP) built on the idea that—with so many different software platforms and business processes—employees can be overwhelmed trying to learn and and use everything in their day-to-day duties. WalkMe provides a way for companies to include step-by-step guidance, using AI to anticipate employee needs and provide the necessary information and help.
“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.”
Mike Risman, Managing Partner of Vitruvian Partners, praised the success WalkMe has had so far, while expressing confidence in the company’s ability capitalize on its position in the market.
“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.”
The company says it will continue to expand “into new markets, including Latin America, and will continue to invest in and rapidly scale its Digital Adoption Platform to meet growing customer demand.”