Pinup: WalkMe Secures $11 Million Venture Capital Funding

Pinup: WalkMe Secures $11 Million Venture Capital Funding

WalkMe Secures $11 Million in Recent Round of Venture Capital Funding

The aptly-named startup WalkMe is revolutionizing the way customers navigate company websites, and they provide a more effective method for businesses to use to train their employees. Their product makes help menus and FAQs, which can themselves be a headache for users, obsolete by offering a cloud-based platform that provides on-screen guides for site navigation, with step-by-step instructions popping up as text balloons, so users never even have to leave the page when they need help.logo (1)

The quality of their product has earned WalkMe some serious attention from investors. WalkMe secured $11 million in a recent round of financing led by Scale Venture Partners. This surge of funds more than doubles the company’s overall investment total, which, including the recent addition of $11 million, now stands at $17.5 million since WalkMe was founded in 2011. With this money, WalkMe plans to continue to fuel its expansion by adding new, highly skilled employees and reaching out to prospective customers. WalkMe has already worked with big names like Amazon Web Services, Cisco, Black & Decker, and US Foods.

Over the past year, WalkMe has doubled the size of its staff. The $11 million brings with it a new addition to the staff: Rory O’Driscoll, a partner at Scale Venture Partners, will now be a member of the WalkMe Board of Directors. O’Driscoll had this to say about WalkMe: “Great companies start with great products and the best software products need no explanation once you see them. The minute I saw WalkMe, I knew that enterprises would adopt it. [Their product] puts a stake in the heart of the passive, offline FAQ and Help menu and instead, provides a step-by-step guide at the point of interaction.

Dan Adika, CEO of WalkMe, commented on the future of his startup: “We see a considerable growing market demand for technologies that simplify the user experience and allow for increased productivity, higher overall value and lower total cost of ownership. We have big plans for 2014 and beyond, and we have plenty of positions open for smart people who share our passion. We chose Scale Venture Partners because they were excited, not intimidated, by our ambitious vision of changing the way people use software and websites.”

Businesses in the United States collectively spend more than $150 billion annually on employee training. These businesses would be smart to use WalkMe to cut costs and chip away at this $150 billion figure, and many reputable corporations have already done so. WalkMe is another example of a startup that is using cloud computing in an innovative manner to make the business community more efficient as a whole, while making a tidy profit for themselves along the way.

By Adam Ritchie

Adam Ritchie

Adam is a freelance writer, with a focus on tech news and start-up reporting. He was born in Jacksonville, Florida and now resides in Tallahassee. When he isn’t writing, Adam enjoys reading novels (his favorite authors are Cormac McCarthy, Don DeLillo and John Updike) and travelling.

Sorry, comments are closed for this post.


CloudTweaks Sponsors - Find out more!

Popular

Top Viral Impact

Cloud Infographic: Cloud Computing Growth

Cloud Infographic: Cloud Computing Growth

An excellent infographic provided by AwesomeCloud which predicts a continued high level of growth in the cloud computing industry. Potentially staggering numbers for Public Cloud IT Services of $100 Billion by 2016. Infographic Source: AwesomeCloud About Latest Posts Adam RitchieAdam is a freelance writer, with a focus on tech news and start-up reporting. He was born in Jacksonville,…

Technology Advice Report: 2014 Business Intelligence Buying Trends

Technology Advice Report: 2014 Business Intelligence Buying Trends

Technology Advice Report: 2014 Business Intelligence Buying Trends For nearly every business, the concept of business intelligence is nothing new. Ambitious organizations have been searching for any type of data-driven advantage for some time now – perhaps for as long as they’ve existed. However, the historical use of competitive intelligence pales in comparison to the…

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow  Online Education is a very exciting topic for many as it opens up many new doors and opportunities. We’ve touched on areas such as Massive Open Online Sources (MOOC) which provides tremendous levels of cloud based interconnectivity. We’ve taken a look into higher education,  the increased demand for online courses as well as…

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things There are many interesting ways in which companies are looking to connect devices to the cloud. From the vehicles to kitchen appliances the internet of things is already a $1.9 trillion dollar market based on research estimates from IDC. Included is a fascinating infographic provided by AriaSystems which shows us some…

Cloud Infographic: Cloud Public, Private & Hybrid Differences

Cloud Infographic: Cloud Public, Private & Hybrid Differences

Many people have heard of cloud computing. There is however a tremendous number of people who still cannot differentiate between Public, Private & Hybrid cloud offerings.  Here is an excellent infographic provided by the group at iWeb which goes into greater detail on this subject. Infographic source: iWeb About Latest Posts Adam RitchieAdam is a…


Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021
contact@cloudtweaks.com

Join our newsletter