WalkMe

WalkMe Ltd. is an American multinational software-as-a-service company, with headquarters in San Francisco, California. Its digital adoption platform 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.
The company's initial public offering took place on June 16, 2021, and resulted in a valuation of 2.56 billion. WalkMe was acquired by SAP for $1.5 billion in 2024.

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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.
In June 2024, SAP announced that it has entered into an agreement to acquire WalkMe for $1.5 billion. The waiting period for the acquisition expired in July 2024 under the Hart–Scott–Rodino Antitrust Improvements Act, with the acquisition expected to be completed by the year-end pending satisfaction of other conditions of the agreement. The acquisition was completed in September 2024.

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

In April 2012, WalkMe raised 1 million in its Series A round, led by Mangrove Capital Partners.
In October 2012, it raised its Series B funding of 5.5 million, led by Gemini Israel Ventures.
In April 2014, WalkMe raised 11 million in its Series C funding round led by Scale Venture Partners.
In June 2015, WalkMe raised Series D of 25 million, led by Greenspring Associates.
In May 2016 and July 2017, WalkMe raised a total of 125 million in its Series E round led by Insight Partners.
In September and November 2018, WalkMe raised Series F funding of 50 million from Insight Partners and EDBI.
In December 2019, WalkMe raised 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.