1
Out Systems
Boston, Massachusetts, United States
a low-code development platform that enables businesses to rapidly build and deploy custom enterprise applications
- Revenue
- $331.6M
- Customers
- 300K
- Year founded
- 2001
- Funding
- $572.1M
- Team size
- 2K
Top 10 Rapid Application Development Software Companies (November 2026)
As of November 2026, Latka tracks 26 rapid application development software companies. They have combined revenues of $637.9M and employ 3.9K people. They have raised $633.1M and serve 10.3M customers combined.
Every company below sells rapid application development software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
What Rapid Application Development Software Companies do
Rapid Application Development (RAD) Software is a category of tools designed to facilitate the efficient and expedited process of software development. This methodology emphasizes rapid delivery, enabling developers to produce functional software applications with a focus on speed and flexibility. RAD allows for iterative development, where users can provide feedback during the development process, resulting in continuous improvement and adjustments based on real-time data. Typically, RAD tools include features such as visual development environments, drag-and-drop interfaces, and easy integration with various data sources. These tools are used by various professionals including IT teams, developers, and business stakeholders who prioritize quick prototyping and deployment. Common use cases include creating internal business applications, customer relationship management solutions, and other software where agile and iterative modifications are advantageous. In essence, RAD Software helps businesses reduce time to market, lower costs, and enhance the quality of applications by enabling effective collaboration between developers and end-users throughout the development cycle.
- Companies
- 26
- Revenue
- $637.9M
- Funding
- $633.1M
- Employees
- 3.9K
Filters
Sorting: Highest -> Lowest
Top Rapid Application Development Software Companies by revenue
Showing 10 of 26 companies ranked by annual revenue.
2
Mendix
Boston, Massachusetts, United States
Mendix is a low-code software development platform that enables organizations to create and deploy enterprise applications quickly and efficiently. The company was founded in 2005 and is based in Boston, Massachusetts. In 2018, Mendix was acquired by Siemens AG, a multinational conglomerate headquartered in Munich, Germany, which offers a broad range of products and services in the fields of electrification, automation, and digitalization.
- Revenue
- $169.8M
- Customers
- 10M
- Year founded
- 2005
- Funding
- $38M
- Team size
- 1.3K
- Revenue
- $62.7M
- Customers
- 1K
- Year founded
- 2001
- Team size
- 64
4
BrainGu
Grand Rapids, Michigan, United States
Software company focused on DevSecOps solutions, ranging from rapid application development and cloud computing to specialized help desks and prototyping
- Revenue
- $19.4M
- Year founded
- 2012
- Team size
- 73
- Revenue
- $11.1M
- Year founded
- 2006
- Funding
- $11.5M
- Team size
- 57
6
Corezoid
Claymont, Delaware, United States
Corezoid slashes time-to-service by 10×+, converting ideas into production-ready algorithms and services.
- Revenue
- $8.4M
- Year founded
- 2014
- Team size
- 76
7
FrogSlayer Software
College Station, Texas, United States
Frogslayer is a custom software development and digital innovation firm. Clients partner with Frogslayer to rapidly build, launch, and scale forward-leaping, industry-shattering software products and digital platforms that create new revenue streams and sources of competitive advantage. Awards: Aggie 100 - 2020 (81), 2019 (31), 2018 (29), 2017 (18), 2016 (71), 2013 (18) Texas Monthly's Best Places to Work for - 2020 (12), 2019 (8), 2018 (16), 2017 (25), 2013 (1) Bryan Rotary Top 10 - 2019 (2), 2018 (3), 2017 (4), 2016 (6) Inc. Magazine Best Workplaces in America - 2018
- Revenue
- $6.7M
- Year founded
- 2005
- Team size
- 44
8
Axure
San Diego, California, United States
The most powerful way to plan, prototype and hand off to developers, all without code. Download a free trial and see why professionals choose Axure RP 9.
- Revenue
- $6.4M
- Year founded
- 2002
- Team size
- 32
- Revenue
- $5M
- Customers
- 3K
- Year founded
- 2000
- Team size
- 50
10
Reactore
Cape Town, Western Cape, South Africa
Reactore is a rapidly growing, innovative multinational software product company providing bespoke digitalisation solutions for enterprises, globally, with real-time tracking, management and optimisation of all operational and business processes for improved productivity, resource utilisation, output, health and safety, and much more. With research at its core, Reactore has a near decade’s experience in digitally transforming operations at mines and steel plants. Our digitalisation platform and solution, including Devum® and MineOne® respectively, have helped businesses improve production by ~15%, efficiency by 18%, data accuracy by ~99.9%, legal compliance by ~30%; reduced downtime by ~27% and increased profits, on average, by 16%. Our flagship product, Devum® is a low-code application platform designed to easily create bespoke enterprise-grade solutions without professional developers. MineOne® is a modular underground/ pit-to-port enterprise-level software suite used to improve productivity and safety by seamlessly streamlining planning and operations for mining and manufacturing, as well as the management of assets and resources. View real-time insights and analytics of all operational and business activity. Collaborate, plan, implement and manage all your business and production processes through either Devum® built applications or MineOne® modular suite of products.
- Revenue
- $3M
- Year founded
- 2017
- Team size
- 27
Frequently asked questions about Rapid Application Development Software Companies
How many rapid application development software companies are there?
Latka tracks 26 rapid application development software companies with reported revenue. Together they generate $637.9M in annual revenue and employ 3.9K people.
Which rapid application development software company is the largest?
Out Systems is the largest, with $331.6M in annual revenue, founded in 2001.
How much revenue does a typical rapid application development software company make?
The average rapid application development software company in this list makes $24.5M a year, across 26 companies with reported revenue. They serve 10.3M customers combined.
Who are the leading Rapid Application Development software vendors?
Ranked by annual revenue, the leaders are Out Systems, Mendix, Servoy, BrainGu and Track Via Inc.
How much funding have rapid application development software companies raised?
The 26 rapid application development software companies tracked here have raised $633.1M in disclosed funding between them.
Related Development Software categories
Inclusion Criteria
- Must provide tools for rapid prototyping and iterative development - Should support visual development with user-friendly interfaces - Must integrate with multiple data sources and other software tools - Should allow for continuous feedback and adjustments from users during development - Targeted primarily at IT and software development teams - Not just for traditional software development; must also accommodate evolving business requirements and non-technical users