OutSystems, Software Development Platform Leader, Raises $150 Million Investment at $9.5 Billion Valuation

– 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.
– OutSystems was founded to give every organization the power to innovate through software.
– Using the OutSystems platform, businesses of all sizes can develop, deploy and manage critical apps at speed—enabling them to respond to market opportunities and continuously deliver value through software-driven innovation.
– OutSystems makes this possible by combining extraordinarily fast, visual, model-driven development with a modern platform built around AI, cloud, DevOps, and security.