| Company | OutSystems |
| Fund Raised | $150 Million |
| Investor | Tiger Global, Abdiel Capital |
| Co-Founder/CEO | Paulo Rosado |
| Website | https://in.linkedin.com/company/outsystems |
| Valuation | $9.5 Billion |
OutSystems 150M Abdiel Tiger Globalwilhelmtechcrunch
Low-code app, OutSystems raises $150 million in the new series round. The round was participated by Tiger Global and Abdiel Capital. In 2018, OutSystems raised $360 million.
CEO Paulo Rosado told JaneMBA that we steadily invest in the market and plan growth accordingly. Our new plan for a startup is based on the “no-code rule’.
Moreover, we offer pay-as-you-go, we don’t want anyone to pay unnecessarily like the old subscription model. It’s totally based on the utilization of the program. The No-code apps are worse than low-code as they don’t offer optimization accordingly. Also, we have an active user base and soon we will expand our wings internationally.
