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The Full List of 9 PaaS Unicorn Startups (2026)

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The Platform as a Service (PaaS) sector includes nine major private companies. These companies provide foundational technologies for businesses in areas from AI development to property management.

The group is led by OutSystems, an AI low-code platform valued at $4.3B, and property management software company Entrata, valued at $4B. Other notable companies include the study abroad platform ApplyBoard with a $3.2B valuation.

Below is the full list of 9 PaaS unicorn startups at this time.

Top 9 Most Valuable PaaS Unicorns

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OutSystems provides a high-performance low-code platform for building enterprise-grade applications. Their AI-powered tools enable businesses to rapidly develop, deploy, and manage their own mission-critical software.

Valuation$4.3B (Joined June 2018)
HeadquartersBoston, Massachusetts, United States
Year Founded2001
FoundersPaulo Rosado, Rodrigo Coutinho, Rui Pereira
Funding Amount$802.1M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries G
Top InvestorsTiger Global Management, General Atlantic, Goldman Sachs Growth Equity, Goldman Sachs, Kohlberg Kravis Roberts

Entrata develops a comprehensive property management platform built for the multifamily housing industry. Their software streamlines operations for property owners and managers, handling everything from leasing and payments to accounting.

Valuation$4B
HeadquartersLehi, Utah, United States
Year Founded2003
FoundersDave Bateman, Johnny Hanna
Funding Amount$707M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsDragoneer Investment Group, Jaws Ventures, Blackstone Group, Element Ventures, Silver Lake

ApplyBoard built an online platform that simplifies the study abroad application process for students around the world. Their service connects students, recruitment partners, and educational institutions to make international education more accessible.

Valuation$3.2B (Joined May 2020)
HeadquartersWaterloo, Ontario, Canada
Year Founded2015
FoundersMartin Basiri, Massi Basiri, Meti Basiri
Funding Amount$554M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries D
Top InvestorsBusiness Development Bank of Canada, Index Ventures, Plug and Play, 500 Global, Fidelity

Reltio provides a cloud-native master data management (MDM) platform that unifies complex data from multiple sources into a single trusted profile. Their AI-powered system delivers real-time, reliable data to help enterprises improve operations and power their analytics.

Valuation$2B (Joined November 2021)
HeadquartersRedwood Shores, California, United States
Year Founded2011
FoundersAnastasia Zamyshlyaeva, Manish Sood
Funding Amount$237M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsNew Enterprise Associates, Sapphire Ventures, Crosslink Capital, .406 Ventures, NewView Capital

AppDirect builds an end-to-end subscription commerce platform that helps businesses sell and manage recurring digital services. Their technology powers the B2B marketplaces of major brands, simplifying the distribution and management of software and other recurring products.

Valuation$2B (Joined October 2015)
HeadquartersNew York, New York, United States
Year Founded2009
FoundersDaniel Saks, Nicolas Desmarais
Funding Amount$574.5M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsJP Morgan Chase, Inovia Capital, Mithril Capital Management, Foundry Group, La Caisse

Yubi operates a fully integrated digital platform designed to help investors discover, trade, and execute debt solutions. They provide a unified marketplace that connects corporations and financial institutions, simplifying the entire debt fulfillment process.

Valuation$2B (Joined March 2022)
HeadquartersChennai, Tamil Nadu, India
Year Founded2017
FoundersGaurav Kumar
Funding Amount$226.7M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries B
Top InvestorsLightrock, Stride Ventures, Insight Partners, B Capital, Peak XV Partners

CircleCI provides a continuous integration and delivery platform that automates the entire software development lifecycle. Teams use the platform to confidently build, test, and deploy their code at scale.

Valuation$2B (Joined May 2021)
HeadquartersSan Francisco, California, United States
Year Founded2011
FoundersAllen Rohner, Paul Biggar
Funding Amount$315M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries F
Top InvestorsSV Angel, IVP, Industry Ventures, Sapphire Ventures, 500 Global

SnapLogic builds an intelligent platform that helps enterprises automate workflows by connecting disparate applications and data sources. They are known for a low-code, AI-powered approach that enables both IT and business teams to create data pipelines without extensive coding.

Valuation$1B (Joined December 2021)
HeadquartersSan Mateo, California, United States
Year Founded2006
FoundersMike Pittaro
Funding Amount$371.3M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries H
Top InvestorsSixth Street, Vitruvian Partners, Microsoft, Floodgate, Andreessen Horowitz

Kakao Enterprise develops AI-driven work platforms and provides a range of cloud services for businesses. They focus on integrating advanced AI technology into core enterprise systems to enhance productivity and operational efficiency.

Valuation$1B
HeadquartersSeongnam, Kyonggi-do, South Korea
Year Founded2019
Founders
Funding Amount$100.4M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsHy, Korea Development Bank

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