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February 17, 2021

Portugal born low-code platform OutSystems hits $9.5bn valuation

The Lisbon-founded low-code software builder is now among Europe’s highest valued tech companies.


Tim Smith

2 min read

OutSystems founder Paulo Rosado

OutSystems has closed a $150m funding round, putting the Portuguese software building platform among the most valuable privately held tech companies to come out of Europe, at $9.5bn. The round was co-led by Abdiel Capital and Tiger Global and the funding will be used to expand investments into the company’s R&D and go-to-market strategy.

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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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