Retool

Simplifies development of internal business tools

San Francisco, California, United States

About Retool

Retool helps businesses create internal tools quickly and easily, targeting developers and IT teams. Users can build applications by connecting to various databases and APIs using a drag-and-drop interface, which reduces the need for extensive coding. The platform manages data fetching and user interface concerns, allowing developers to focus on customization. Retool operates on a subscription model and aims to streamline operations and improve productivity for businesses.

San Francisco, CaliforniaHeadquarters
2017Year Founded
$160.6MTotal Funding
SERIES_CCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
201-500Employees

Benefits

Competitive healthcare, dental and vision benefits.
Breakfast, lunch and dinner at our San Francisco and New York offices.
$1,200 annual stipend for anything learning-related (books, conferences, classes, etc.).
$1,000 work-from-home-setup stipend.
Take the time you need to recharge!
Family planning support and paid parental leave.
Enrollment and matching up to an effective rate of 4%.
Mental health and wellness benefits

Risks

Increased competition from other low-code platforms may erode market share.
Expansion into external apps could introduce security vulnerabilities.
Dependence on third-party APIs poses risks if services change or fail.

Differentiation

Retool enables rapid internal tool development with a drag-and-drop interface.
It supports integration with various databases and APIs, enhancing flexibility.
Retool's platform is accessible to users with limited programming skills.

Upsides

Retool's expansion to external apps broadens its market reach.
Partnership with OpenAI enhances AI capabilities in business applications.
Growing demand for low-code platforms boosts Retool's market potential.

Funding

Total raised$160.65 M
Latest valuation$3.20 B
StageSERIES_C