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Provider of software development services designed to provide IT products and services. The company's services include software development, testing, quality control and research & development, enabling corporations and governments to optimize predictability and reduce risk during the development process.
Last updated
In 2024, Vates's revenue reached $63.6M. The company previously reported $41.2M in 2023. Since its launch in 1991, Vates has shown consistent revenue growth.
Vates is a bootstrapped Other Development Software startup. Founded in 1991, Vates has grown to $63.6M in revenue without raising any venture capital or outside funding.
As a self-funded Other Development Software SaaS company, Vates has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
CEO
Bernardo has been with Vates for over 16 years. He is a partner in the company and currently holds the title of CEO. Bernardo has gained extensive leadership experience through the various positions he has held in the organization. As Project Manager and Project Leader he has headed projects for many large clients in Argentina as well as abroad. Bernardo has been active in all CMM/CMMi and ISO certification assessments that have been accredited to Vates.
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We do not have customer count information for Vates yet.
Vates employs approximately 429 people as of 2026, down from 477 in 2023, including 7 sales reps that carry a quota.
Vates generates an estimated $63.6M in annual revenue.
Vates was founded by Bernardo Barra.
The CEO of Vates is Bernardo Barra.
Vates is bootstrapped and has not raised outside funding.
Vates has 429 employees.
Vates is headquartered in Cordoba, Argentina.
Vates operates across multiple industries. Browse revenue, funding, and growth data for Vates in each sector below.
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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2024 Revenue
$63.6M(Est.)
Funding
$0
Team
429
Founded
1991
| Year | Milestone | Source |
|---|---|---|
| 2024 | Vates Hit $63.6m revenue in October 2024 | Estimated |
| 2023 | Vates Hit $41.2m revenue in December 2023 | Estimated |
| 2021 | Vates Hit $29.1m revenue in April 2021 | |
| 1991 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 429 employees (December 2024) | |
| 2024 | Reached 475 employees (October 2024) | |
| 2023 | Reached 477 employees (December 2023) | |
| 2022 | Reached 459 employees (December 2022) | |
| 2021 | Reached 404 employees (December 2021) | |
| 2021 | Reached 368 employees (April 2021) |
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