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Yes, you can bring your legacy apps to the cloud, but don't bring their technical debt, too • The Register

Yes, you can bring your legacy apps to the cloud, but don't bring their technical debt, too • The Register
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OutSystems raises $150M investment at $9.5B valuation

OutSystems raises $150M investment at $9.5B valuation
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IANS
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Published on
Thu, Feb 18 2021 13:18 IST
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Investment avenues that will be safer bets in the long run.. Image Source: IANS News
San Francisco, Feb 18 : Software development platform OutSystems has announced a $150 million capital raise, co-led by Abdiel Capital and Tiger Global, at $9.5 billion.
Headquartered in Boston, Massachusetts, OutSystems said on Wednesday that the funding will be used to expand investments in its R&D and go-to-market-strategy.
The company was founded founded in Portugal in 2001 to give every organisation the power to innovate through software.
The company said that the latest funding is a recognition of the success of that singular focus and the transformative impact on its rapidly expanding global customer base. ....

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Low-code platform maker OutSystems reels in $150M for a nearly $10B valuation

Low-code platform maker OutSystems reels in $150M for a nearly $10B valuation
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OutSystems, Software Development Platform Leader, Raises $150 Million Investment at $9.5 Billion Valuation

OutSystems, Software Development Platform Leader, Raises $150 Million Investment at $9.5 Billion Valuation
Growth equity raised demonstrates expanding market for smarter ways to build modern applications. Abdiel Capital, Tiger Global join Goldman Sachs, KKR, Guidepost Growth Equity, and Armilar Venture Partners in recognizing unique opportunity.
OutSystems, the leading modern application platform, today announced a $150 million capital raise. The round, co-led by Abdiel Capital and Tiger Global, values OutSystems at $9.5 billion. The funding will be used to expand investments in its R&D and GTM strategy.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210217005599/en/ ....

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OutSystems raises $150 mn investment, valuation rises to $9.5 billion

Read more about OutSystems raises $150 mn investment, valuation rises to $9.5 billion on Business Standard. Tech firm OutSystems on Wednesday said it has raised USD 150 million (about Rs 1,092 crore) capital, co-led by Abdiel Capital and Tiger Global, valuing the company at USD 9.5 billion.The funding will be used to expand investments in its R&D and GTM ....

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