What is OutSystems?
OutSystems is an enterprise software company specializing in the creation of custom applications and software solutions. Its robust platform empowers developers to build and deploy a wide array of applications, including consumer-facing apps and critical business systems. The company's offerings span solutions for customer experience enhancement, case management, legacy system modernization, field service optimization, operational efficiency improvements, SAP extensions, and business process management. OutSystems is headquartered in Boston, Massachusetts, positioning it within a key technology hub.
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 Portugal Capital Ventures, ES 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. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management. Known for its influential role in global capital markets, Goldman Sachs also engages in risk management, financing, and strategic advisory services worldwide.
KKR & Co.
KKR & Co. is a global investment firm that partners with companies to solve their biggest challenges and unlock opportunities for growth. The firm's investment strategies span private equity, credit, and real estate, with a focus on long-term value creation.
Tiger Global
Founded in 2003, Tiger Global is an independent contract manufacturing and sourcing group. This company is headquartered in the United Kingdom.
What's next for OutSystems?
The substantial enterprise-level funding and recent strategic investment indicate that OutSystems is in a strong growth phase, likely focused on scaling its operations, expanding its market reach, and accelerating product development. The company's ability to attract major investment from firms like Goldman Sachs and KKR suggests confidence in its platform's ability to address complex enterprise needs. Future strategic moves may involve further platform enhancements, international expansion, or strategic partnerships to solidify its leadership in the low-code development market.
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