When was OutSystems founded?

OutSystems was founded in 2001 and became a unicorn in 2018.

Where is OutSystems located?

OutSystems is headquartered in Linda A Velha, Portugal. It is registered at RIDSHAW FARM,BUCKHURST ROAD,BURY,ENGLAND,BL9 6TA.

How many employees does OutSystems have?

As of May 31, 2026, the latest employee count at OutSystems is 2209.

Is OutSystems a funded company?

OutSystems is a funded company, having raised a total of $803M across 7 funding rounds to date. The company's 1st funding round was a $909K Seed round, raised on Oct 2001.

How much is OutSystems worth?

The latest valuation of OutSystems is $9.5B as of Feb 17, 2021.

When was the latest funding round of OutSystems?

OutSystems' latest funding was a $231M Series F round on Oct 30, 2022, with participation from 1 investor.

What is the annual revenue of OutSystems?

Annual revenue of OutSystems is less than £1M as on Feb 28, 2024

Is OutSystems a PaaS company?

The primary sectors of OutSystems are PaaS, DevOps, Application Development Tools and Build Tools.

Where does OutSystems rank among its competitors?

OutSystems ranks 15th amongst 1275 active competitors, of which 182 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Harness, which secured $200M in Dec, 2025.

Who are the top competitors of OutSystems?

OutSystems' top competitors include Netlify, Vercel and Gitlab. Among them, Harness secured the most recent funding round in December, 2025.

OutSystems - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of a low-code platform with AI-powered application development capabilities. The platform enables the creation of enterprise applications and custom agents. It facilitates the automation of workflows and processes. The platform also allows for integration with existing systems.

Website: www.outsystems.com/
Social
Phone Number: +1 **********
Registered Address: RIDSHAW FARM,BUCKHURST ROAD,BURY,ENGLAND,BL9 6TA

Key Metrics

Founded Year

2001

Location

Linda A Velha, Portugal

Stage

Series F

Total Funding

$803M in 7 rounds

Latest Funding Round

Series F, Oct 30, 2022, $231M

Post Money Valuation

$9.5B as on Feb 17, 2021

Investors

KKR & 14 more

Ranked

15^th among 1275 active competitors

Annual Revenue

£0 - £1M as on Feb 28, 2024

Employee Count

2,209 as on May 31, 2026

Investment & Acquisitions

Ionic & 1 more

Similar Companies

Netlify & 1574 more

View OutSystems' full profile

OutSystems is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
SYSTEM CODE SOLUTIONS LTD CIN: 7519163 , United Kingdom, Active	Feb 06, 2011	£0 - £1M (As on Feb 28, 2024)	2 (As on Feb 27, 2023)
OUTSYSTEMS LIMITED CIN: 8360814 , United Kingdom, Active	Jan 14, 2013	£10M - £50M (As on Dec 31, 2024)	46 (As on Dec 31, 2024)
OUTSYSTEMS INDIA PRIVATE LIMITED CIN: U72900KA2021FTC146165 , India, Active	Apr 06, 2021	₹50 - ₹100 Cr (As on Mar 31, 2025)	70 (As on Aug 01, 2025)

OutSystems has raised a total funding of $803M over 7 rounds. Its first funding round was on Oct 2001. Its latest funding round was a Series F round on Oct 30, 2022 for $231M. 1 investor participated in its latest round. OutSystems has 15 institutional investors.

Here is the list of recent funding rounds of OutSystems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 30, 2022	$231M	Series F	-	-	KKR	-
Feb 15, 2021	$150M	Series E	$9.5B	318030.3x	Abdiel Capital, Tiger Global Management	Guidepost Growth Equity, Armilar Venture Partners, KKR, Goldman Sachs Investment Partners
Jun 05, 2018	$360M	Series D	$1B	26867.0x	KKR	Goldman Sachs Investment Partners

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View details of OutSystems's funding rounds and investors

The founders of OutSystems are Paulo Rosado and Carlos Alves. Susana Fernandes is the CEO of OutSystems.

Here are the details of OutSystems' key team members:

Paulo Rosado: Co-Founder of OutSystems. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Carlos Alves: Co-Founder of OutSystems.
Contact Info: 1 email address

View details of OutSystems's Founder profiles and Board Members

OutSystems' employee count trend

OutSystems has 2,209 employees as of May 26. Here is OutSystems's employee count trend over the years:

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Top competitors of OutSystems include Netlify, Vercel and Gitlab. Here is the list of Top 10 competitors of OutSystems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Netlify 2013, San Francisco (United States), Series D	Provider of a platform for web application development and deployment	$212M	Bloomberg Beta, Kleiner Perkins & 21 others	85/100
2nd	Vercel 2015, Covina (United States), Series F	Provider of cloud infrastructure and developer tools for web applications	$863M	Accel, GIC & 30 others	81/100
3rd	Gitlab 2011, San Francisco (United States), Public	Provider of a platform for software development, security, and delivery	$435M	Khosla Ventures, Iconiq Capital & 49 others	81/100
4th	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Access Technology Ventures ... & 46 others	80/100
5th	Harness 2017, San Francisco (United States), Series E	Provider of platform for software delivery, security, testing, and cost optimization	$614M	IVP, Norwest & 30 others	78/100
6th	JFrog 2008, Sunnyvale (United States), Public	Provider of software supply chain platform for DevOps and security	$227M	VMware, Gemini & 15 others	78/100
7th	Appian 1999, Reston (United States), Public	Cloud based low code application development and automation platform	$47.5M	New Enterprise Associates, Saints Capital ... & 3 others	78/100
8th	Bubble 2012, New York City (United States), Series A	Cloud based no code web application development tool	$106M	Insight Partners, SignalFire & 12 others	74/100
9th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Harrison Metal, Ignition Partners & 16 others	74/100
10th	LaunchDarkly 2014, Oakland (United States), Series D	Provider of platform for feature flags, experimentation, and AI configuration	$330M	Bessemer Venture Partners, Cervin & 20 others	74/100
15th	OutSystems 2001, Linda A Velha (Portugal), Series F	Developer of a low-code platform with AI-powered application development capabilities	$803M	Goldman Sachs Investment Partners, Tiger Global Management ... & 13 others	68/100