The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
San Francisco-based WalkMe, which operates what it calls a “digital adoption platform” (DAP) that helps companies integrate user-centric product walkthroughs into their software, announced that it has added another $10 million to its previously announced series F round.
The company announced it had raised $40 million from Insight Venture Partners and Mangrove Capital Partners back in September, and now it has taken that funding round to $50 million via a fresh cash injection from EDBI, the investment unit of the Singapore Economic Development Board.
Founded in 2011, WalkMe offers a platform to help software makers integrate user-focused help functionality — such as tip-balloon overlays to highlight new features — into their websites and applications. This can be leveraged to train employees or onboard new customers.
WalkMe also taps artificial intelligence (AI) to make contextual suggestions based on how a user is interacting with an interface.
Earlier this year, Raleigh-based Pendo, which offers functionality similar to that of WalkMe, also closed a $50 million round of funding, so it seems investors have an appetite for helping humans navigate complex interfaces.
WalkMe has now raised $217 million in total, and with EDBI on board as an investor the startup plans to “rapidly expand” in the Asia Pacific (APAC) region.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more