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 Sep 30, 2026, the latest employee count at Progress is 4271.

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. Its primary sector is PaaS. In United States, the PaaS sector has seen $3.04B in funding in 2026 to date.

What is the annual revenue of Progress?

Annual revenue of Progress is between $500M and $1B as on Nov 30, 2025

Where does Progress rank among its competitors?

Progress ranks 12th amongst 1534 active competitors, of which 161 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Temporal, which secured $550M in Sep, 2026.

Who are the top competitors of Progress?

Progress' top competitors include Netlify, Vercel and DigitalOcean. Among them, Temporal secured the most recent funding round in September, 2026.

Progress - 2026 Company Profile, Funding, Competitors & Financials

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 & 10 more

Ranked

12^th among 1534 active competitors

Annual Revenue

$500M - $1B as on Nov 30, 2025

Employee Count

4,271 as on Sep 30, 2026

Investment & Acquisitions

Nuclia & 21 more

Similar Companies

Vercel & 1371 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	Reports
PROGRESS SOFTWARE A/S CIN: 77357211 , Denmark, Active	Feb 28, 1985	-	-
PROGRESS SOFTWARE CORP /MA CIN: 876167 , United States, Active	Feb 14, 1995	$500M - $1B (As on Nov 30, 2025)	2284 (As on Nov 30, 2023)	-
OPENEDGE CONSULTING LIMITED CIN: 9888463 , United Kingdom, Active	Nov 24, 2015	£0 - £1M (As on Nov 30, 2020)	-
PROGRESS SOFTWARE DEVELOPMENT PRIVATE LIMITED CIN: U74200TG2005PTC045304 , India, Active	Feb 09, 2005	₹100 - ₹500 Cr (As on Mar 31, 2025)	450 (As on Oct 31, 2024)

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 11 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	3808737	Grant (prize money)	7921921	6962230	9213300	7164136
Apr 08, 2021	3151450	Post IPO	9206027	4621577	8655150	7459254

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Progress' employee count trend

Progress has 4,271 employees as of Sep 26. Here is Progress's employee count trend over the years:

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Top competitors of Progress include Netlify, Vercel and DigitalOcean. 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	Netlify 2013, San Francisco (United States), Series D	Provider of a platform for web application development and deployment	$212M	EQT, 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 & 32 others	83/100
3rd	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Access Technology Ventures ... & 47 others	81/100
4th	Gitlab 2011, San Francisco (United States), Public	Provider of a platform for software development, security, and delivery	$435M	Khosla Ventures, Iconiq Capital & 52 others	81/100
5th	JFrog 2008, Sunnyvale (United States), Public	Provider of software supply chain platform for DevOps and security	$227M	VMware, Gemini & 16 others	79/100
6th	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
7th	Temporal 2019, Seattle (United States), Series E	Platform offering integrated cloud application development solution	$1.2B	Wellington, Amplify Partners & 15 others	72/100
8th	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	70/100
9th	Anysphere 2022, San Francisco (United States), Acquired	Developer of software and models for automating code and improving programmers	$3.38B	Thrive Capital, Andreessen Horowitz & 11 others	68/100
10th	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	68/100
12th	Progress 1981, Bedford (United States), Public	Platform offering IDE based application development software	-	August Capital, Inventus Capital Partners ... & 9 others	66/100

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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)