Workramp 40m salesforce slack susa12/26/2023 Blosser sees Docebo, Seismic, and Litmos as WorkRamp’s top rivals, with Seismic drawing particular ire over its acquisition of training platform Lessonly last August.īlosser attributes the broader industry’s growth to an increased desire for companies to attract, develop, and retain talent. “ we released a new reporting product last year that allows to visualize learning metrics from existing data sources in LMS environment … in data from other tools to prove training effectiveness across the company (i.e., measure training efficacy based on location, teams, quota attainment, etc.) data outwards to various platforms like Tableau or Salesforce to correlate training data to business goals … Our vision is to expand on this further by leveraging this data for predictive modeling as it relates to learner behavior, surfacing the relevant training content.” Increasing demandĬompetition among LMS vendors is red-hot, with Fortune Business Insights anticipating that the market will grow from $13.38 billion in value in 2021 to $44.49 billion in 2028. “e focused our efforts on delivering key business metrics to our customers that correlate training performance with revenue performance, employee happiness, and customer loyalty,” Blosser told VentureBeat via email. Managers can use WorkRamp to launch lessons and provide feedback in the form of reviews and star ratings. WorkRamp’s screen recording and slide sharing features integrate with workflows in Salesforce, Slack, and Chrome to deliver coaching tips that might improve performance. Learning becomes a growth engine for the entire business.” They are empowered to attract and retain top talent, exceed revenue targets, and inspire customers to become advocates. “When organizations can provide stellar and engaging learning opportunities, they become unstoppable. “In today’s rapidly changing work environment, companies are struggling to keep up because they aren’t able to properly enable and develop their people,” Blosser said in a statement. According to CEO and cofounder Ted Blosser, the capital illustrates continued growth in the LMS sector at a time when companies are shifting more and more of their operations remote. WorkRamp, a provider of learning management systems (LMS), today announced that it has raised $40 million in a series C funding round co-led by Salesforce Ventures, Slack Fund, and Susa Ventures with participation from OMERS Ventures, GTMfund, PeopleTech Angels, and UpHonest Capital. Head over to our on-demand library to view sessions from VB Transform 2023.
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