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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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50OutSystems 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) |
| Headquarters | Boston, Massachusetts, United States |
| Year Founded | 2001 |
| Founders | Paulo Rosado, Rodrigo Coutinho, Rui Pereira |
| Funding Amount | $802.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series G |
| Top Investors | Tiger 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 |
| Headquarters | Lehi, Utah, United States |
| Year Founded | 2003 |
| Founders | Dave Bateman, Johnny Hanna |
| Funding Amount | $707M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Dragoneer 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) |
| Headquarters | Waterloo, Ontario, Canada |
| Year Founded | 2015 |
| Founders | Martin Basiri, Massi Basiri, Meti Basiri |
| Funding Amount | $554M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Business 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) |
| Headquarters | Redwood Shores, California, United States |
| Year Founded | 2011 |
| Founders | Anastasia Zamyshlyaeva, Manish Sood |
| Funding Amount | $237M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | New 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) |
| Headquarters | New York, New York, United States |
| Year Founded | 2009 |
| Founders | Daniel Saks, Nicolas Desmarais |
| Funding Amount | $574.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | JP 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) |
| Headquarters | Chennai, Tamil Nadu, India |
| Year Founded | 2017 |
| Founders | Gaurav Kumar |
| Funding Amount | $226.7M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | Lightrock, 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) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2011 |
| Founders | Allen Rohner, Paul Biggar |
| Funding Amount | $315M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | SV 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) |
| Headquarters | San Mateo, California, United States |
| Year Founded | 2006 |
| Founders | Mike Pittaro |
| Funding Amount | $371.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series H |
| Top Investors | Sixth 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 |
| Headquarters | Seongnam, Kyonggi-do, South Korea |
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | $100.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Hy, Korea Development Bank |