00d:00h:00m:00s
AI Growth Summit: 9 Tactics to Add $10m FastJune 30
121/150seats takenSave Your Seat
Latka logo

Valuation

$9.5B

2024 Revenue

$331.6M(Est.)

Customers

300K

Funding

$572.1M

Avg ACV

$1.1K

Team · 2025

2K

Founded

2001

How Out Systems grew to $331.6M revenue and 300K customers in 2024.

OutSystems is a low-code development platform that enables businesses to rapidly build and deploy custom enterprise applications. The platform offers a visual development environment, pre-built templates, and integrations with third-party systems, enabling developers to build applications quickly and efficiently without requiring extensive coding skills. OutSystems also provides features such as collaboration tools, automated testing, and version control, which enable teams to work together seamlessly and deliver high-quality applications. The platform supports the full application lifecycle, from design and development to deployment and management. OutSystems aims to help businesses overcome the challenges of traditional application development, reducing costs, and accelerating time to market. The company was founded in 2001 and is headquartered in Boston, Massachusetts, with additional offices in Lisbon, London, Amsterdam, and Dubai.

Last updated

Out Systems Revenue

In 2024, Out Systems's revenue reached $331.6M. The company previously reported $262.8M in 2023. Since its launch in 2001, Out Systems has shown consistent revenue growth.

Out Systems Revenue GrowthReported revenue / ARR over time · latest figure estimated$0$75M$150M$225M$300M$375M2001200320052007200920112013201520172019202120232024$0$103M$331.6MSource: GetLatka.com
YearMilestoneSource
2024Out Systems Hit $331.6m revenue in October 2024Estimated
2023Out Systems Hit $262.8m revenue in October 2023Estimated
2021Out Systems Hit $206.6m revenue in June 2021
2018Out Systems Hit $103m revenue in June 2018
2016Out Systems Hit $48.6m revenue in February 2016
2001Launched with $0 revenue

Out Systems Valuation, Funding Rounds

Out Systems reached a $9.5B valuation in 2021, set during its Series E round.

Out Systems has raised $572.1M in total funding across 6 rounds, most recently a $150M Series E round in 2021.

Out Systems Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$2B$125M$4B$250M$6B$375M$8B$500M$10B$625M20012003200520072009201120132015201720192021$9.5BSource: GetLatka.com
YearRoundAmountValuation% SoldSource
2021Series E$150M$9.5B2%
2018Series D$360M--
2016Series C$55M--
2007Series B$3.2M--
2005Series B$2.7M--
2001Seed Round$1.2M--

Founder / CEO

We don't have Out Systems's Founder / CEO on record yet.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

Out Systems serves 300K customers.

Out Systems Employees & Team Size

Out Systems employs approximately 2K people as of 2026, down from 2.1K in 2024, including 183 sales reps that carry a quota. It serves 300K customers that rely on its solutions.

Out Systems Team GrowthReported headcount over time05001,0001,5002,0002,5002001200320052007200920112013201520172019202120232025002,0402,040Source: GetLatka.com
YearMilestoneSource
2025Reached 2K employees (November 2025)
2025Reached 2K employees (November 2025)
2024Reached 2.1K employees (March 2024)
2023Reached 2.1K employees (October 2023)
2022Reached 2K employees (October 2022)
2021Reached 2K employees (December 2021)
2021Reached 1.6K employees (February 2021)

Frequently Asked Questions about Out Systems

What is Out Systems's revenue?

Out Systems generates an estimated $331.6M in annual revenue.

How much funding does Out Systems have?

Out Systems raised $572.1M across 6 rounds.

How many employees does Out Systems have?

Out Systems has 2K employees.

Where is Out Systems headquarters?

Out Systems is headquartered in Boston, Massachusetts, United States.

Compare Out Systems to the industry

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

Claim this profile

People Also Viewed

Finnable logo

Finnable

Finnable is one of the fastest-growing financial technology (Fintech) start-ups providing hassle-free instant personal loans for salaried professionals.

Gallup logo

Gallup

Gallup delivers analytics and advice to help leaders and organizations solve their most pressing problems. Combining more than 90 years of experience with its global reach, Gallup knows more about the attitudes and behaviors of employees, customers, students and citizens than any other organization in the world.

Etiya logo

Etiya

Etiya is a leading software company providing customer experience focused AI driven Digital Transformation with its own award-winning product portfolio. Founded in 2004, Etiya has more than 1.600 highly qualified employees and offices in 3 continents and 8 countries. Its microservice-based architecture, DevOps methodology and AI-driven portfolio provides competitive advantage to its customers by bringing agility and flexibility into their business. Etiya provides turn-key, end-to-end digital transformation to many customers worldwide from different sectors including telecom, finance and retail. Its business processes and business entities are certified to the latest TM Forum standards, TM Forum Frameworx version 17,5, and achieved the highest number of conformant TM Forum Business Process Framework Level 3 Certifications of any vendor. It incorporates innovative AI technologies, including natural language processing (NLP) techniques, prediction and recommendation, in its portfolio. With the “Connected Customer First” approach which prioritizes the digital customer experience and the agile methodology it applies becoming digital-ready is possible in a matter of months via fast delivery of products and solutions. In 2019, Etiya won the TM Forum Disruptive Innovation Award for its Fizz project and the Outstanding Catalyst Innovation Award for the Digital Twins proof of concept project. Etiya exists to move agilely beyond existing standards in its relationships with the customers, in innovation, and in its ambition to expand and grow. Exceed, Every Day

RandTech Computing logo

RandTech Computing

Portuguese insurtech established in 2015 in Oporto, provides solutions for insurance companies, in particular software development and implementation, data migration projects, integration with other systems, training and consulting. The main offer is the ERP Anywhere+. This complete, robust and scalable solution allows the management of crucial areas for the insurance business, from contracts, claims and pensions, coinsurance and reinsurance. Anywhere+ also includes financial management modules, covering accounting and legal maps, and provides integration with various partners. Designed to manage Life, Non-Life and Health insurances, presents itself as a multi-channel, multi-currency, multi-language solution currently with 13 implementations. Employees are as important as customers, multifaceted and experienced, that undertake daily efforts to mitigate failures and present innovative solutions.

Grafana Labs logo

Grafana Labs

Understand all of your metrics with dashboards that are easy to create and share. Trusted by the community. Get Grafana today.

Icertis logo

Icertis

Icertis is a cloud-based contract lifecycle management (CLM) platform that enables businesses to manage their contracts across the enterprise. The platform provides a central repository for all contract-related data and documents, enabling businesses to manage their contracts from creation through to renewal or expiration. Icertis offers features such as contract authoring, collaboration, and negotiation, as well as compliance and risk management. The platform also includes artificial intelligence capabilities, including contract analytics and insights, to help businesses identify potential risks and opportunities within their contracts. Icertis aims to help businesses improve their contract management processes, reduce risk, and increase operational efficiency. The company was founded in 2009 and is headquartered in Bellevue, Washington, with additional offices in San Jose, London, Sydney, and Pune.