About OutSystems
OutSystems is a company based in Linda-a-velha (Portugal) founded in 2001 by Carlos Alves and Paulo Rosado.. OutSystems has raised $802.95 million across 7 funding rounds from investors including KKR, Abdiel Capital and Tiger Global. The company has 88 employees as of April 05, 2024. OutSystems has completed 2 acquisitions, including Ionic and Ionic. OutSystems operates in a competitive market with competitors including Netlify, Odoo, Appian, Bubble and Split, among others.
- Headquarter Linda-a-velha, Portugal
- Employees 88 as on 05 Apr, 2024
- Founders Carlos Alves, Paulo Rosado
- Stage Unicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Outsystems India Private Limited
- Date of Incorporation 06 Apr, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$7.65 M (USD)154.52as on Mar 31, 2023
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Net Profit
$405.31 K (USD)234.08as on Mar 31, 2023
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EBITDA
$1.06 M (USD)203.95as on Mar 31, 2023
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Total Equity Funding
$802.95 M (USD)
in 7 rounds
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Latest Funding Round
$230.97 M (USD), Series F
Oct 30, 2022
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Investors
KKR
& 7 more
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Employee Count
88
as on Apr 05, 2024
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Investments & Acquisitions
Ionic
& 1 more
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Software Development Team
256 people
Leadership Team
73 people
Product Management Team
42 people
Sales and Marketing
37 people
Human Resources and Administration
26 people
Senior Team
23 people
Global Team
22 people
Finance and Accounting
18 people
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Funding Insights of OutSystems
OutSystems has successfully raised a total of $802.95M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $230.97 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series F — $231.0M
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First Round
First Round
(01 Oct 2001)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series F - OutSystems | Valuation | KKR |
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| Feb, 2021 | Amount | Series E - OutSystems | Valuation | Abdiel Capital , Tiger Global Management | |
| Jun, 2018 | Amount | Series D - OutSystems | Valuation | KKR |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OutSystems
OutSystems has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Abdiel Capital and Tiger Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Investment management services are offered by Abdiel Capital.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OutSystems
OutSystems has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ionic and Ionic. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based cross-platform application development solutions are provided.
|
2012 | ||||
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Mobile applications are built and deployed from a single codebase.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - OutSystems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Outsystems Comparisons
Competitors of OutSystems
OutSystems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Netlify, Odoo, Appian, Bubble and Split, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for continuous application development and deployment.
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| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud-based no-code platform for web application development is utilized.
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| domain | founded_year | HQ Location |
Split is recognized for providing feature management solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Outsystems
Frequently Asked Questions about OutSystems
When was OutSystems founded?
OutSystems was founded in 2001.
Where is OutSystems located?
OutSystems is headquartered in Linda-a-velha, Portugal.
Is OutSystems a funded company?
OutSystems is a funded company, having raised a total of $802.95M across 7 funding rounds to date. The company's 1st funding round was a Series D of $360M, raised on Oct 01, 2001.
How many employees does OutSystems have?
As of Apr 05, 2024, the latest employee count at OutSystems is 88.
What is the annual revenue of OutSystems?
Annual revenue of OutSystems is $7.65M as on Mar 31, 2023.
What does OutSystems do?
OutSystems was founded in 2001 in Linda a Velha, Portugal. A low-code platform is provided for building and deploying applications without extensive coding. Templates are utilized for customization, with features including business process management, legacy modernization, DevOps tools, and monitoring. The platform supports industries such as healthcare, education, and insurance.
Who are the top competitors of OutSystems?
OutSystems's top competitors include Netlify, DigitalOcean and LaunchDarkly.
How many acquisitions has OutSystems made?
Who are OutSystems's investors?
OutSystems has 8 investors. Key investors include KKR, Abdiel Capital, Tiger Global, Guidepost Growth Equity, and Armilar Venture Partners.
What is OutSystems's valuation?
The valuation of OutSystems is $9.5B as of Feb 2021.
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