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
As of September 2026, Latka tracks 2 rapid application development software companies with $100M+ in annual revenue. They have combined revenues of $501.4M and employ 3.3K people. They have raised $610.1M 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.
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.
Sorting: Highest -> Lowest
Showing 2 of 2 companies ranked by annual revenue.
Boston, Massachusetts, United States
a low-code development platform that enables businesses to rapidly build and deploy custom enterprise applications
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.
Latka tracks 2 rapid application development software companies with $100M+ in annual revenue. Together they generate $501.4M in annual revenue and employ 3.3K people.
Out Systems is the largest, with $331.6M in annual revenue, founded in 2001.
The average rapid application development software company in this list makes $250.7M a year, across 2 companies with reported revenue. They serve 10.3M customers combined.
Ranked by annual revenue, the leaders are Out Systems and Mendix.
The 2 rapid application development software companies with $100M+ in annual revenue tracked here have raised $610.1M in disclosed funding between them.
- 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
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