Total amount raised
$802.1 Million
Latest funding date
10/1/2022
Location
OutSystems has successfully raised funding over 8 rounds, with the latest being a Series G round led by Kohlberg Kravis Roberts (KKR). The platform is an AI-powered low-code solution designed to enable rapid development and deployment of enterprise applications and AI agents.
OutSystems is backed by a total of 13 investors, including Armilar Venture Partners. Keep reading to explore the intricacies of OutSystems' fundraising journey and the investors backing this innovative platform.
What Is OutSystems?
OutSystems, headquartered in Boston, Massachusetts, is a private company specializing in AI-powered low-code platforms. Founded to drive enterprise innovation, the company has grown significantly, employing between 1001 and 5000 people.
Operating in various industries such as AI, data integration, and software development, OutSystems is recognized for its ability to develop, deploy, and manage enterprise-grade applications. The platform is designed to enhance operational efficiency and digital experiences for large organizations.
How Much Funding Has OutSystems Raised?
- Series G
- Amount Raised: USD 230,000,000
- Date: October 2022
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's capabilities and market reach.
- Series E
- Amount Raised: USD 150,000,000
- Date: February 2021
- Lead Investors: Abdiel Capital, Tiger Global Management
- Valuation at Round: USD 9,500,000,000
- Motivation Behind the Round: To expand investments in R&D and go-to-market strategy.
- Series Unknown
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series D
- Amount Raised: USD 360,000,000
- Date: June 2018
- Lead Investors: Goldman Sachs Growth Equity, Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and product development.
- Series C
- Amount Raised: USD 55,000,000
- Date: February 2016
- Lead Investors: North Bridge Venture Partners & Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and expand market presence.
- Series B
- Amount Raised: USD 3,220,000
- Date: June 2007
- Lead Investors: Armilar Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development.
- Series B
- Amount Raised: EUR 2,200,000
- Date: March 2005
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel initial market entry and product development.
- Seed
- Amount Raised: EUR 1,000,000
- Date: March 2001
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial product.
Total Amount Raised: USD 798,220,000
Current Valuation: USD 9,500,000,000
Key Investors
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. Founded in 1976, KKR has a long history of successful investments and value creation.
- Investment Focus Areas: Private equity, growth equity, infrastructure.
- Notable Investments: ByteDance, Epic Games, GoDaddy.
- Abdiel Capital
- Details: Abdiel Capital is an investment firm that focuses on long-term investments in high-growth companies. The firm is known for its concentrated investment strategy and deep research into its portfolio companies.
- Investment Focus Areas: High-growth companies, technology, market opportunities.
- Notable Investments: Specific notable investments are not mentioned.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global internet, software, consumer, and financial technology industries. Founded in 2001, the firm has a strong track record of investing in technology-driven companies.
- Investment Focus Areas: Technology, internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Goldman Sachs Growth Equity
- Details: Goldman Sachs Growth Equity is a division of Goldman Sachs that focuses on investing in high-growth companies across various sectors. The firm leverages its extensive network and resources to support the growth and development of its portfolio companies.
- Investment Focus Areas: Technology, innovation, high-growth companies.
- Notable Investments: Uber, Airbnb, Dropbox.
- Armilar Venture Partners
- Details: Armilar Venture Partners is a venture capital firm that invests in early-stage and growth-stage technology companies. The firm focuses on innovative companies with the potential for significant market impact.
- Investment Focus Areas: Early-stage technology, growth-stage technology, innovation.
- Notable Investments: Feedzai, Unbabel, OutSystems.
What's Next for OutSystems?
OutSystems stands at the cusp of significant growth opportunities, driven by the increasing demand for rapid application development platforms. With a global customer base in 87 countries and partnerships with major firms like AWS, Deloitte, and Infosys, the company is well-positioned to expand its investments in R&D and go-to-market strategies. This expansion will enable businesses to innovate through software, transforming customer experiences, automating processes, and modernizing core systems.
Given its recent $150 million funding round and a valuation of $9.5 billion, OutSystems is likely to attract further investments to scale operations and enter new markets. The company's focus on leveraging AI, cloud, and DevOps technologies will be crucial in maintaining its competitive edge. However, challenges such as the scarcity of skilled developers and competition from other low-code platforms may pose hurdles. Despite these challenges, OutSystems' commitment to innovation and strategic partnerships positions it for continued success in the evolving software development landscape.
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