WalkMe
American web-based software company
From Wikipedia, the free encyclopedia
WalkMe Ltd. is an American multinational software-as-a-service (SaaS) company, with headquarters in San Francisco, California.[1][2][3] Its digital adoption platform (DAP) was recognized in Everest Group's PEAK Matrix Assessment of DAP vendors as the leading DAP product.[4] 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.[5]
San Francisco, California, U.S.
Rafael Sweary (President)
Lior Nahary (CFO)
| |
| Available in | English, Multi-language |
|---|---|
| Traded as | Nasdaq: WKME |
| Headquarters | 350 Mission Street San Francisco, California, U.S. |
| Key people | Dan Adika (CEO) Rafael Sweary (President) Lior Nahary (CFO) |
| Industry | SaaS, software, no-code development platform, artificial intelligence, Business process automation |
| Products | WalkMe Digital Adoption Platform (DAP) |
| Employees | 1,100 |
| Parent | SAP SE |
| Subsidiaries | Abbi, Jaco, DeepUI, Zest |
| URL | www |
| Launched | April 2012 |
The company's initial public offering (IPO) took place on June 16, 2021, and resulted in a valuation of US$2.56 billion.[6] WalkMe was acquired by SAP for $1.5 billion in 2024[7]; driving SAP’s Business AI strategy was a major motivation for the acquisition.[8][9]
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.[2][10] In 2016, Globes named it Israel’s most promising start up.[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] In June 2021, it had an IPO and was then one of a number of Israeli technology companies to trade below its IPO price.[16]
In June 2024, SAP announced that it has entered into an agreement to acquire WalkMe for $1.5 billion.[17][18] The acquisition was completed in September 2024.[19]As a result of this, Walk Me was delisted from the NASDAQ.[20]
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.[21]
In May 2020, Andrew Casey was appointed as the company's first Chief Financial Officer (CFO).[22]
In October 2020, WalkMe launched its Digital Adoption Institute to the public for providing a scholarship and upskilling courses in digital adoption.[23]
In 2022, revenue was $245 million.[24]
Products and Technology
WalkMe Digital Adoption (DAP)
Digital adoption platforms provide guidance, in-application training, and user onboarding.[25]
WalkMe Learning Arc
This allows for learning that is "in-the-flow" where training is delivered directly inside the applications based on user interactions.[26]
SAP Joule (formerly WalkMe X)
An AI copilot that works across both SAP and non-SAP applications and assists in automating tasks.[27][28]
Market Position: AI & 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.[31]
- In April 2012, WalkMe raised US$1 million in its Series A round, led by Mangrove Capital Partners.[32]
- In October 2012, it raised its Series B funding of US$5.5 million, led by Gemini Israel Ventures.[33]
- In April 2014, WalkMe raised US$11 million in its Series C funding round led by Scale Venture Partners.[34]
- In June 2015, WalkMe raised Series D of US$25 million, led by Greenspring Associates.[35]
- In May 2016 and July 2017, WalkMe raised a total of US$125 million in its Series E round led by Insight Partners.[36][37]
- In September and November 2018, WalkMe raised Series F funding of US$50 million from Insight Partners and EDBI.[36]
- In December 2019, WalkMe raised US$90 million in its Series G round of funding led by Vitruvian Partners.[31]
- 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.[38]