The company demonstrated strong growth with $331.6M in revenue in 2024, up from $262.8M in 2023. Headquartered in Boston, MA, with 1,600 employees, OutSystems targets the enterprise market with its platform and maintains a strong investor base.
Cyborg Score Rationale
Consistent revenue growth, established market position in low-code platforms, strong institutional backing from KKR and other tier-1 investors. However, high funding dependency and unclear path to profitability as a private company limit the score.
Top Insights
2026 research finds 97% of enterprises run AI agents, but only 12% have centralized control—signaling market opportunity in governance and automation
56% YoY revenue growth from 2023 to 2024 demonstrates strong market traction in the low-code segment
Company has raised $805M across multiple funding rounds, indicating sustained investor confidence in the low-code platform market
Operating in a competitive space alongside Mendix, Microsoft Power Platform, and Salesforce low-code offerings
Named Competitors
Power Platform — Low-code business applications and automation
Mendix — Enterprise low-code application development
Salesforce Platform — Cloud-based CRM with low-code customization
Appian — Low-code automation and process platform
Recent Developments
(June 2026) Organizational focus on AI agent governance and agentic AI engineering capabilities
(2024) Reached $331.6M in annual revenue, demonstrating 26% YoY growth from prior year
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