When was Progress founded?

Progress was founded in 1981 and raised its 1st funding round 40 years after it was founded.

Where is Progress located?

Progress is headquartered in Bedford, United States. It is registered at 21, Sundkrogsgade, København Ø, 2100.

How many employees does Progress have?

As of Mar 31, 2026, the latest employee count at Progress is 4226.

Is Progress a funded company?

Progress is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Apr 08, 2021.

When was the latest funding round of Progress?

Progress' latest funding was a $***** Grant (prize money) round on Nov 01, 2022, with participation from 1 investor.

What is the annual revenue of Progress?

Annual revenue of Progress is $978M as on Nov 30, 2025.

Where does Progress rank among its competitors?

Progress ranks 5th amongst 885 active competitors, of which 126 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Vercel, which secured $300M in Sep, 2025.

Who are the top competitors of Progress?

Progress' top competitors include Vercel, DigitalOcean and JFrog. Among them, Vercel secured the most recent funding round in September, 2025.

Progress - 2026 Company Profile, Funding, Competitors & Financials

Progress is a public company based in Bedford (United States), founded in 1981. It operates as a Platform offering IDE based application development software. Progress has raised an undisclosed amount in funding. The company has 885 active competitors, including 126 funded and 91 that have exited. Its top competitors include companies like Vercel, DigitalOcean and JFrog.

Company Details

Platform offering IDE-based application development software. It provides application infrastructure software for the development, deployment, integration, and management of business applications. It provides a platform for cross-platform mobile app development, for managing the business rules through automating the decision processes. The platform also offers application lifecycle management solutions.

Website: www.progress.com/
Social
Email ID: *****@progress.com
Phone Number: +1 **********
Registered Address: 21, Sundkrogsgade, København Ø, 2100

Key Metrics

Founded Year

1981

Location

Bedford, United States

Stage

Public

Latest Funding Round

Grant (prize money), Nov 01, 2022, $*****

Investors

August Capital & 7 more

Ranked

5^th among 885 active competitors

Annual Revenue

$978M as on Nov 30, 2025

Employee Count

4,226 as on Mar 31, 2026

Investment & Acquisitions

Nuclia & 21 more

Similar Companies

Vercel & 1095 more

Exit Details

Public

View Progress' full profile

Progress is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROGRESS SOFTWARE CORP /MA CIN: 876167 , United States, Active	Feb 14, 1995	$978M (As on Nov 30, 2025)	2284 (As on Nov 30, 2023)	-
PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED CIN: U74200TG2005PTC045304 , India, Active	Feb 09, 2005	$36.8M (As on Mar 31, 2025)	450 (As on Oct 31, 2024)
PROGRESS SOFTWARE A/S CIN: 77357211 , Denmark, Active	Feb 28, 1985	-	-
OPENEDGE CONSULTING LIMITED CIN: 9888463 , United Kingdom, Active	Nov 24, 2015	$29.4K (As on Nov 30, 2021)	-

Progress got listed on Aug 02, 1991.

Click here to take a look at Progress's IPO in detail

Progress has raised funding over 2 rounds. Its first funding round was on Apr 08, 2021. Its latest funding round was a Grant (prize money) round on Nov 01, 2022 for $*****. 1 investor participated in its latest round. Progress has 8 institutional investors.

Here is the list of recent funding rounds of Progress:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 01, 2022	5912599	Grant (prize money)	1259123	2670810	4538658	3227320
Apr 08, 2021	3286218	Post IPO	7360926	2892280	9242492	2216142

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Progress' employee count trend

Progress has 4,226 employees as of Mar 26. Here is Progress's employee count trend over the years:

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Top competitors of Progress include Vercel, DigitalOcean and JFrog. Here is the list of Top 10 competitors of Progress, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Vercel 2015, Covina (United States), Series F	Provider of cloud infrastructure and developer tools for web applications	$863M	Accel, GIC & 30 others	81/100
2nd	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Andreessen Horowitz & 46 others	79/100
3rd	JFrog 2008, Sunnyvale (United States), Public	Provider of software supply chain platform for DevOps and security	$227M	VMware, Gemini & 15 others	79/100
4th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Harrison Metal, Baseline Ventures & 16 others	72/100
5th	Progress 1981, Bedford (United States), Public	Platform offering IDE based application development software	-	August Capital, New Enterprise Associates ... & 6 others	69/100
6th	NGINX 2011, San Francisco (United States), Acquired	Application modernization and HPC solutions provider	$84M	New Enterprise Associates, Goldman Sachs ... & 12 others	68/100
7th	Posit 2009, Boston (United States), Series D	Posit \| The Open-Source Data Science Company	$164M	Brighton Park Capital, DCVC	68/100
8th	WSO2 2005, Santa Clara (United States), Acquired	Provider of open-source platform for API management, integration, and identity	$130M	Toba Capital, Goldman Sachs Asset Management ... & 6 others	66/100
9th	OutSystems 2001, Linda A Velha (Portugal), Series F	Developer of a low-code platform with AI-powered application development capabilities	$803M	KKR, Tiger Global Management & 13 others	66/100
10th	Gitpod 2017, Kiel (Germany), Series A	Platform offering integrated cloud development environment	$41M	Speedinvest, General Catalyst & 13 others	65/100

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Progress has not made any investments yet. Progress has made 22 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 01, 2025	Acquisition	Nuclia	2019	Barcelona (Spain)
Sep 09, 2024	Acquisition	ShareFile	2005	Raleigh (United States)
Jan 04, 2023	Acquisition	MarkLogic	2001	San Carlos (United States)