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

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OutSystems raises $150 mn investment, valuation rises to $9.5 billion
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 (go-to-market) strategy, a statement said. Founded in Portugal in 2001, OutSystems' modern application platform tools help developers rapidly build and deploy a full range of applications. The company has more than 3.5 lakh community members, over 1,300 employees, 350 partners (including AWS, Deloitte and Infosys), and thousands of active customers in 87 countries and across 22 industries. Developers are a scarce resource in business today, and t

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