Valuation · 2021
$9.5B
2024 Revenue
$331.6M(Est.)
Customers
300K
Funding
$572.1M
Avg ACV
$1.1K
Team · 2025
2K
Founded
2001
Out Systems Revenue, Valuation & Funding (2024)
Out Systems generated an estimated $331.6M in annual revenue in 2024. Source: GetLatka estimate
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Out Systems Hit $331.6m revenue in October 2024 | Estimated |
| 2023 | Out Systems Hit $262.8m revenue in October 2023 | Estimated |
| 2021 | Out Systems Hit $206.6m revenue in June 2021 | Not recorded |
| 2021 | Out Systems Hit $145.3m revenue in February 2021 | Not recorded |
| 2018 | Out Systems Hit $103m revenue in June 2018 | Not recorded |
| 2016 | Out Systems Hit $48.6m revenue in February 2016 | Not recorded |
| 2001 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series E | $150M | $9.5B | 2% | Not recorded |
| 2018 | Series D | $360M | - | - | Not recorded |
| 2016 | Series C | $55M | - | - | Not recorded |
| 2007 | Series B | $3.2M | - | - | Not recorded |
| 2005 | Series B | $2.7M | - | - | Not recorded |
| 2001 | Seed | $1.2M | - | - | Not recorded |
Founder / CEO
We don't have Out Systems's Founder / CEO on record yet.
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.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 2K employees (November 2025) | Not recorded |
| 2025 | Reached 2K employees (November 2025) | Not recorded |
| 2024 | Reached 2.1K employees (March 2024) | Not recorded |
| 2023 | Reached 2.1K employees (October 2023) | Not recorded |
| 2022 | Reached 2K employees (October 2022) | Not recorded |
| 2021 | Reached 2K employees (December 2021) | Not recorded |
| 2021 | Reached 1.6K employees (February 2021) | Not recorded |
Frequently Asked Questions about Out Systems
What is Out Systems's revenue?
As of 2024, Out Systems generated an estimated $331.6M in annual revenue.
What is Out Systems's valuation?
As of 2021, Out Systems was valued at $9.5B.
When was Out Systems founded?
Out Systems was founded in 2001.
How much funding does Out Systems have?
Out Systems raised $572.1M across 6 rounds.
How many employees does Out Systems have?
As of 2025, Out Systems had 2K employees.
Where is Out Systems headquartered?
Out Systems is headquartered in Boston, Massachusetts, United States.
Compare Out Systems to the industry
Out Systems operates across multiple industries. Browse revenue, funding, and growth data for Out Systems in each sector below.
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.
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