Latka logo

How Out Systems CEO Paulo Rosado grew Out Systems 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 by year$0$75M$150M$225M$300M$375M2001200320052007200920112013201520172019202120232024$0$103M$207M$332MSource: GetLatka.com
YearMilestone
2024Out Systems Hit $331.6m revenue in October 2024
2023Out Systems Hit $262.8m revenue in October 2023
2021Out Systems Hit $206.6m revenue in June 2021
2021Out Systems Hit $145.3m revenue in February 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$2B$4B$6B$8B$10B200120032005200720092011201320152017201920212001 cumulative: $1M • 2001 Seed Round: $1M2005 cumulative: $4M • 2001 Seed Round: $1M • 2005 Series B: $3M2007 cumulative: $7M • 2001 Seed Round: $1M • 2005 Series B: $3M • 2007 Series B: $3M2016 cumulative: $62M • 2001 Seed Round: $1M • 2005 Series B: $3M • 2007 Series B: $3M • 2016 Series C: $55M2018 cumulative: $422M • 2001 Seed Round: $1M • 2005 Series B: $3M • 2007 Series B: $3M • 2016 Series C: $55M • 2018 Series D: $360M2021 cumulative: $572M • 2001 Seed Round: $1M • 2005 Series B: $3M • 2007 Series B: $3M • 2016 Series C: $55M • 2018 Series D: $360M • 2021 Series E: $150M @ $10B valuation$572M2021 Series E: $10B valuation$10BSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Series E$150M$9.5B2%
2018Series D$360M--
2016Series C$55M--
2007Series B$3.2M--
2005Series B$2.7M--
2001Seed Round$1.2M--

Out Systems Employees & Team Size

Out Systems employs approximately 2K people as of 2026, down from 2.1K in 2024.

Out Systems has 2K total employees in different roles and functions and 183 sales reps that carry a quota. They have 300K customers that rely on the company's solutions.

Out Systems Team GrowthReported headcount over time05001,0001,5002,0002,5002001200320052007200920112013201520172019202120232025002,0402,040Source: GetLatka.com
YearMilestone
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)

Founder / CEO

Paulo Rosado

Paulo Rosado is listed as Founder / CEO at Out Systems.

Q&A

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

Customers

See how Out Systems acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.

Locked

Frequently Asked Questions about Out Systems

What is Out Systems's revenue?

Out Systems generates $331.6M in revenue.

Who is the CEO of Out Systems?

The CEO of Out Systems is Paulo Rosado.

How much funding does Out Systems have?

Out Systems raised $572.1M.

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.

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

Cambly logo

Cambly

On-demand access to English tutors over video chat.

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.

Compare Out Systems to the industry

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Out Systems Revenue 2024: $331.6M ARR, $9.5B Valuation