![]() These competitors offer powerful solutions comparable to WorkRamp regarding features and capabilities. Avature stands out as a provider of onboarding and recruitment solutions for corporate entities. Each vendor offers a comprehensive solution for employers when bringing new employees on board.Īltitude Learning and Newrow are focused primarily on K-12 markets while Bridge serves primarily corporations. For example, Avature, Newrow, Altitude Learning, and Bridge have all raised substantial investment capital. Several other high-profile companies have recently raised money and drawn attention to the industry. WorkRamp is an innovator in the employee onboarding software market but does not operate alone. This announcement further strengthened Work Ramp’s position in the market as one of the leading providers of cloud enterprise software solutions. Recently,WorkRamp secured $40 million Series C funding to accelerate its growth and further expand its suite of products. While there are many competitive players in each category (e.g., Slack in communication, AWS in cloud computing etc.), WorkRamp stands out due to its comprehensive learning platform that enables companies to quickly build and deploy employee training programs. ![]() The market can be further broken down into nine product categories: collaboration & communication, computing & storage, database & analytics, mobile, networking, security & compliance, software development, web application hosting & serverless. Furthermore, it is expected to grow at a compound annual growth rate of 16% over the next few years. ![]() For WorkRamp, this involves evaluating the cloud enterprise software market and understanding its growth rate, product categories, and leading players.Ĭloud enterprise software is a growing market estimated to be worth over $140 billion in 2020. Understanding the market size for a product or service is an important part of an organization’s competitive analysis, as it helps gauge how much potential exists in the target area. To fully understand the potential, let’s take a closer look at the market, the competition, and the potential for the platform. This is a major milestone for the company, showing the potential the market sees in the platform. WorkRamp is a workforce development platform, and they recently raised $40M in Series C. This expansive growth has enabled WorkRamp to become one of the most valuable players in the corporate learning market with global enterprise customers such as Netflix and Dropbox already on board. In 2020, following its Series B funding round led by Felicis Ventures which totalled $15M, giant technology venture capital firm Andreessen Horowitz invested an additional $40M into WorkRamp’s Series C funding round. With its easy-to-use yet comprehensive suite of modules, WorkRamp provides companies with the tools they need to speed up onboarding, boost performance and drive new productivity levels. Headquartered in San Francisco, WorkRamp’s team of engineers and data science wizards have built a cutting-edge platform that helps businesses train their workforce and captures the impact of learning on their key performance metrics. Founded in 2017 by three former corporate learning veterans – Brandon Carson, Marci Martinez and Chris Balkin – WorkRamp is a leading online work automation platform provider that enables companies to customize professional development programs for employees and monitor progress. WorkRamp is an innovative platform for continuous learning, enabling organizations to personalize employee learning journeys, deploy and track training initiatives, and measure the impact of training initiatives on measurable business outcomes. In this article, we’ll explore WorkRamp’s place in the market and what this new influx of capital means for the company’s future. This funding round brings the company’s total capital raised to $68M and marks an important milestone in the company’s history. WorkRamp, the Silicon Valley-based software company that provides onboarding and training solutions for businesses, has recently raised a $40M Series C led by Lightspeed Venture Partners and E.ventures.
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