RALEIGH – WalkMe, a San Francisco-based software company with recently expanded offices in Raleigh has secured a $40 million oversubscribed Series F funding.

Insight Venture Partners led the round with participation from WalkMe’s first institutional investor, Mangrove Capital Partners. Founded in 2011, WalkMe  has raised $207.5 million to date.

WalkMe sells what it says is the “world’s first Digital Adoption Platform,” software that assists users of digital assets such as enterprise software, mobile apps, or websites on how to complete tasks and use the assets effectively and provide an optimal user experience. The software uses artificial intelligence and automation to guide how people interact with digital technology, essentially walking them through it.  Approximately 2,000 enterprises, including 30 percent of Fortune 500 companies, use the company’s product.


“Digital transformation holds great promise, which is why most organizations today are highly engaged in their efforts. While the potential is huge, expectations are not met due to a reality of poor user adoption. Our customers are leveraging WalkMe’s digital adoption platform to ensure their business transformation goals and expectations are met and exceeded,” said Dan Adika, co-founder and CEO of WalkMe in a statement. “This latest round of funding will help us grow at an even faster rate globally, while ensuring our leadership position in creating and forging the digital adoption category.”

The company has close to 660 employees located in seven offices worldwide in the U.S., Europe and APAC. WalkMe’s recent expansion into a larger office in Raleigh, North Carolina, underscores the company’s rapid growth.

It’s Raleigh office started with 40 employees, is now up to 65 and is expected to grow to 80 by the end of the year, according to Rephael Sweary, co-founder and president of WalkMe in an interview with WRAL TechWire. The Raleigh team will be taking on additional functions as it expands.

“There are a lot of talented, dedicated people in the Raleigh area,” Sweary said. “Opening the office there was a good business decision.

Sweary added that while the company did not need the additional funds, it decided to be more aggressive in its growth plans. “My reccomendation to anyone is raise money when you can, not when you need it.” He said the company’s product understands what a user is trying to do with given digital technology and assists them in doing it. If you really want to drive digital adoption, we’re the only game in town.”

Customers can test the product free to see how it will work in their environment. “They see the benefits, so it’s an easy decision to buy it, said Sweary.

The company will opening new offices in Europe and the Asia/Pacific region. It currently has seven offices globally, including three in the U.S. in Raleigh, San Francisco, and New York.

WalkMe expanding Raleigh office, creates Center of Excellence for Growth Companies