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How Vates CEO Bernardo Barra grew Vates to $63.6M revenue with a 429 person team in 2024.

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.

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Vates Revenue

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 Revenue GrowthReported revenue / ARR by year$0$15M$30M$45M$60M$75M199119931995199719992001200320052007200920112013201520172019202120232024$0$29M$64MSource: GetLatka.com
YearMilestone
2024Vates Hit $63.6m revenue in October 2024
2023Vates Hit $41.2m revenue in December 2023
2021Vates Hit $29.1m revenue in April 2021
1991Launched with $0 revenue

Vates Valuation, Funding Rounds

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.

Vates Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$119911991 cumulative: $0 • 1991 Founded: $01991 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

Vates Employees & Team Size

Vates employs approximately 429 people as of 2026, down from 477 in 2023.

Vates has 429 total employees in different roles and functions and 7 sales reps that carry a quota.

Vates Team GrowthReported headcount over time012525037550062519911993199519971999200120032005200720092011201320152017201920212023202400429429Source: GetLatka.com
YearMilestone
2024Reached 429 employees (December 2024)
2024Reached 475 employees (October 2024)
2023Reached 477 employees (December 2023)
2022Reached 459 employees (December 2022)
2021Reached 404 employees (December 2021)
2021Reached 368 employees (April 2021)

Founder / CEO

Bernardo Barra

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.

Q&A

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Customers

We do not have customer count information for Vates yet.

Frequently Asked Questions about Vates

What is Vates's revenue?

Vates generates $63.6M in revenue.

Who founded Vates?

Vates was founded by Bernardo Barra.

Who is the CEO of Vates?

The CEO of Vates is Bernardo Barra.

How much funding does Vates have?

Vates raised $0.

How many employees does Vates have?

Vates has 429 employees.

Where is Vates headquarters?

Vates is headquartered in Cordoba, Argentina.

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Compare Vates to the industry

Vates operates across multiple industries. Browse revenue, funding, and growth data for Vates in each sector below.

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 .

Vates Revenue 2024: $63.6M ARR (Bootstrapped)