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June 3, 2016 10:54 am

Israeli Start-Up That Simplifies Online User Experience Raises $50 Million

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The WalkMe website. The American-Israeli high tech start-up simplifies the online user experience. Photo: WalkMe.com screenshot.

The WalkMe website. The American-Israeli high tech start-up simplifies the online user experience. Photo: WalkMe.com screenshot.

JNS.org – WalkMe, an American-Israeli high tech start-up that simplifies the online user experience, has raised $50 million in its latest round of fundraising to reach a total of $92.5 million,Haaretz reported.

The latest round was led by the New York-based venture capital firm Insight Venture Partners along with existing investors including Greenspring Associates and Scale Venture Partners.

WalkMe, founded in Israel in 2011, has 270 employees in San Francisco and 160 in Israel. Its platform integrates existing software and websites to help users navigate through complicated or confusing Internet services. The start-up has seen five-fold annual revenue growth during the last two years.

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