OutSystems Is Backed By Tiger Global


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Outsystems Low code is backed by Tiger World, KKR, Goldman Sachs, Abdiel Capital, Portugal Ventures, Armilar Enterprise Partners and others. The company raised $150M in a brand new round on Feb 17, 2021. This brings OutSystems’ total funding to $572.1M to this point. The most recent spherical valued OutSystems at $9.5B publish money. OutSystems turned unicorn with a $1B+ valuation gained from funding spherical raised in Jun 2018.

According to Statista, the global low-code market has been growing over the previous few years and was valued at $thirteen billion in 2020 and is predicted to rise to roughly $forty seven billion by 2025. The driving pressure behind that is the democratization of growth availability geared toward enabling non-technical employees to be a part of ideation, implementation and deployment of apps.

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