When was Retool founded?

Retool was founded in 2017 and became a unicorn in 2021.

Where is Retool located?

Retool is headquartered in San Francisco, United States. It is registered at Palo Alto, California.

Who is the current CEO of Retool?

David Hsu of Retool. They have also founded 1 company.

How many employees does Retool have?

As of May 31, 2026, the latest employee count at Retool is 415.

Is Retool a funded company?

Retool is a funded company, having raised a total of $165M across 6 funding rounds to date. The company's 1st funding round was a $150K Seed round, raised on Aug 22, 2017.

How much is Retool worth?

The latest valuation of Retool is $3.2B as of Jul 28, 2022.

When was the latest funding round of Retool?

Retool's latest funding was a $45M Series C round on Jul 28, 2022, with participation from 7 investors. Its primary sector is Application Development Tools. In United States, the Application Development Tools sector has seen $2.87B in funding in 2026 to date.

Is Retool a Application Development Tools company?

The primary sector of Retool is Application Development Tools.

Where does Retool rank among its competitors?

Retool ranks 1st amongst 209 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was BetterCode, which secured $13.5M in Mar, 2024.

Who are the top competitors of Retool?

Retool's top competitors include Akka, Joget and BetterCode. Among them, BetterCode secured the most recent funding round in March, 2024.

Retool - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of a platform for building and deploying internal software. The platform enables users to create applications that integrate with data, systems, and rules. It supports use cases for AI and LLMs, data teams, operations teams, and support teams. The platform offers tools for generating queries, logic, and user interfaces.

Website: retool.com
Social
Registered Address: Palo Alto, California

Key Metrics

Founded Year

2017

Location

San Francisco, United States

Stage

Series C

Total Funding

$165M in 6 rounds

Latest Funding Round

Series C, Jul 28, 2022, $45M

Post Money Valuation

$3.2B as on Jul 28, 2022

Investors

Sequoia Capital & 27 more

Ranked

1^st among 209 active competitors

Employee Count

415 as on May 31, 2026

Similar Companies

Akka & 218 more

View Retool's full profile

Retool is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RETOOL, INC. CIN: 82-0646362 , United States, Active	Feb 28, 2017	-	124 (As on Dec 31, 2021)	-
RETOOL INC CIN: 820646362 , United States, Active	Dec 26, 999	-	339 (As on Dec 31, 2024)	-

Retool has raised a total funding of $165M over 6 rounds. Its first funding round was on Aug 22, 2017. Its latest funding round was a Series C round on Jul 28, 2022 for $45M. 7 investors participated in its latest round. Retool has 19 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Retool:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 28, 2022	$45M	Series C	$3.2B	-	Sequoia Capital	Patrick Collison, John Collison, Nat Friedman, Elad Gil, Daniel Gross, Caryn Marooney
Dec 22, 2021	$20M	Series C	$1.85B	-	Sequoia Capital	Elad Gil, Patrick Collison, John Collison, Nat Friedman, Y Combinator, Jay Simons
Jul 06, 2021	$30M	Series B	-	-	Magic Fund	-

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View details of Retool's funding rounds and investors

The founders of Retool is David Hsu. David Hsu is the CEO of Retool.

Here are the details of Retool's key team members:

David Hsu: Founder & CEO of Retool and founder of 1 other company.

View details of Retool's Founder profiles and Board Members

Retool's employee count trend

Retool has 415 employees as of May 26. Here is Retool's employee count trend over the years:

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Top competitors of Retool include Akka, Joget and BetterCode. Here is the list of Top 10 competitors of Retool, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Retool 2017, San Francisco (United States), Series C	Developer of a platform for building and deploying internal software	$165M	Bond Capital, Zillionize & 26 others	74/100
2nd	Akka 2011, San Francisco (United States), Series D	Developer of a platform for building distributed and agentic systems	$121M	Shasta Ventures, Blue Cloud Ventures & 3 others	58/100
3rd	Joget 2009, Columbia (United States), Seed	Provider of a platform for application development, integration, and digital transformation	$2.2M	Cardanocataly	46/100
4th	BetterCode 2022, Cincinnati (United States), Series B	Cloud based code snippets for developers	$13.5M	-	35/100
5th	DevExpress 1998, Glendale (United States), Unfunded	Platform offering software library for web app development	-	-	31/100
6th	Bit 2021, Israel, Unfunded	Platform offering reusable components for developer productivity	-	-	29/100
7th	Carbon Design System 2016, Austin (United States), Unfunded	Developer of an open-source design system for digital products	-	-	27/100
8th	Reverse POCO United Kingdom, Unfunded	Developer of Entity Framework reverse POCO generator for database integration	-	-	25/100
9th	Prodo 2016, London (United Kingdom), Funding Raised	Developer of a React/JavaScript framework with developer tools for coding	-	-	25/100
10th	Kelp 2019, New York City (United States), Unfunded	Developer of a platform for building and scaling AI-powered applications	-	-	25/100