What is OutSystems?
OutSystems provides a sophisticated enterprise-grade platform that empowers organizations to build, deploy, and manage custom applications with unprecedented speed and efficiency. By abstracting the complexities of traditional coding, the platform enables developers to address critical business needs, including legacy modernization, field service optimization, and operational efficiency. Headquartered in Boston, Massachusetts, the company serves as a vital partner for enterprises looking to modernize their IT infrastructure and maintain a competitive edge in an increasingly digital-first economy.
How much funding has OutSystems raised?
OutSystems has raised a total of $569.2M across 5 funding rounds:
Other Financing Round
$930K
Other Financing Round
$3.2M
Private Equity
$55M
Private Equity
$360M
Other Financing Round
$150M
Other Financing Round (2001): $930K with participation from NeSBIC CTe Fund
Other Financing Round (2007): $3.2M led by ES Ventures
Private Equity (2016): $55M supported by ES Ventures, Portugal Capital Ventures, and North Bridge Venture Partners
Private Equity (2018): $360M featuring Goldman Sachs and KKR & Co.
Other Financing Round (2021): $150M backed by Abdiel Capital and Tiger Global
Key Investors in OutSystems
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations and governments.
North Bridge Venture Partners
North Bridge Venture Partners invests in exceptional individuals whose innovative ideas have the potential to disrupt industries, providing seed-to-growth financing.
Portugal Capital Ventures
Portugal Ventures is a venture capital firm that invests in startups with global ambitions in the fields of Digital, Engineering, and Industry.
What's next for OutSystems?
Looking ahead, the recent strategic investment positions OutSystems to further penetrate the enterprise software market by enhancing its low-code capabilities and expanding its ecosystem of integrations. As organizations continue to prioritize agility and rapid application development, the company is well-positioned to capitalize on the growing demand for scalable, cloud-native business systems. Future strategic initiatives will likely focus on deepening its footprint in key verticals such as SAP extension and complex business process management, ensuring that the platform remains the standard for high-performance enterprise software development.
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