February 18 - 12:02
17D
Low-code platform OutSystems valued at $9.5bn after $150m raise
Low-code platform OutSystems has raised $150m in a funding round co-led by Abdiel Capital and Tiger Global. The raise values the business at $9.5bn and takes it funding to date to $570m. OutSystems said the funds will be used expand investments in its R&D and go-to-market strategy. Gartner said this week that the low-code sector is likely to enjiy a period of 'hypergrowth' this year.
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