Atlanta, Georgia -- IT developer OutSystems has completed a $55 million financing round, according to a company statement.
OutSystems has developed technologies that enable enterprises to more rapidly develop applications for a variety of environments, including mobile, cloud and low-code development.
North Bridge Growth Equity made the investment, and partners Mike Pehl and Jim Moran have joined the company's Board of Directors concurrent with the financing.
OutSystems said it would use the funding to support its growth initiatives across all aspects of the company's operations.
The company was founded in 2001.