WalkMe, an AI-powered enterprise customer engagement and business insight platform, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
WalkMe's no-code Digital Adoption Platform overlays any application and provides businesses with a unified view and insights across the organization's software stack to improve key business processes and drive customers to action. As of March 31, 2021, the company had roughly 2,000 customers including 155 of the Fortune 500, 368 customers with annualized recurring revenue over $100,000, and 22 customers with annualized recurring revenue over $1 million.
The Tel Aviv, Israel-based company was founded in 2011 and booked $157 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol WKME. WalkMe filed confidentially on March 22, 2021. Morgan Stanley, Goldman Sachs, Citi, Wells Fargo Securities, Barclays, and BMO Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
