February 18 - 12:02
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.
> Tweets