OutSystems Is Backed By Tiger International


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OutSystems is backed by Tiger World, KKR, Goldman Sachs, Abdiel Capital, Portugal Ventures, Armilar Venture Partners and others. The company raised $150M in a brand new round on Feb 17, 2021. This brings OutSystems’ total funding to $572.1M up to now. The latest round valued Outsystems Low code at $9.5B put up cash. OutSystems grew to become unicorn with a $1B+ valuation gained from funding spherical raised in Jun 2018.

According to Statista, the worldwide low-code market has been rising over the previous few years and was valued at $13 billion in 2020 and is expected to rise to approximately $47 billion by 2025. The driving pressure behind this is the democratization of development availability aimed toward enabling non-technical employees to be part of ideation, implementation and deployment of apps.

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