What is OutSystems?
OutSystems is a prominent enterprise software company specializing in the development of custom applications and software solutions. Its platform empowers users to build and deploy a wide array of applications, including those for customer experience enhancement, case management, legacy system modernization, field service optimization, operational efficiency improvements, SAP extensions, and business process management. Headquartered in Boston, Massachusetts, OutSystems addresses critical business needs through its robust low-code development environment, enabling faster and more efficient software creation for businesses worldwide.
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 KKR & Co. and Goldman Sachs
Other Financing Round (2021): $150M backed by Tiger Global and Abdiel Capital
Key Investors in OutSystems
Tiger Global
Tiger Global is an independent contract manufacturing and sourcing group, known for its involvement in various investment rounds. Its participation suggests a belief in OutSystems' market potential and scalability.
Abdiel Capital
Abdiel Capital is an investment firm that has backed OutSystems. Its involvement indicates a strategic financial partnership aimed at supporting the company's growth objectives.
Goldman Sachs
Goldman Sachs is a leading global investment banking firm, providing a wide range of financial services. Its participation in OutSystems' funding highlights the company's significant financial backing and market validation.
What's next for OutSystems?
The substantial enterprise-level funding and recent strategic investment signal a strong trajectory for OutSystems. This capital infusion is likely to fuel further innovation in its low-code platform, expand its global market reach, and enhance its capabilities in areas such as AI-driven development and enterprise-grade security. The company appears poised for accelerated growth, potentially focusing on strategic acquisitions or deeper penetration into key industry verticals. Continued investment in research and development will be crucial for maintaining its competitive edge in the rapidly evolving enterprise software landscape.
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