Retool - About the company
Retool is a series C company based in San Francisco (United States), founded in 2017 by David Hsu. It operates as a Developer of a platform for building and deploying internal software. Retool has raised $165M in funding from investors like Sequoia Capital, Y Combinator and Magic Fund, with a current valuation of $3.2B. The company has 113 active competitors, including 6 that are funded. Its top competitors include companies like Replit, Akka and Joget.
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
Post Money Valuation
$3.2B as on Jul 28, 2022
Investors
Ranked
2nd among 113 active competitors
Employee Count
441 as on Mar 31, 2026
Legal entities associated with Retool
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) | - |
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Retool's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 28, 2022 | $45M | Series C | $3.2B | - | ||
Dec 22, 2021 | $20M | Series C | $1.85B | - | ||
Jul 06, 2021 | $30M | Series B | - | - | - |
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Retool's founders and board of directors
Founder? Claim ProfileHere 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 441 employees as of Mar 26. Here is Retool's employee count trend over the years:
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Retool's Competitors and alternates
Top competitors of Retool include Replit, Akka and Joget. Here is the list of Top 10 competitors of Retool, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Replit 2016, Foster City (United States), Series E | Provider of a platform for developing and deploying applications with AI | $522M | 76/100 | |
2nd | Retool 2017, San Francisco (United States), Series C | Developer of a platform for building and deploying internal software | $165M | 73/100 | |
3rd | Akka 2011, San Francisco (United States), Series D | Developer of a platform for building distributed and agentic systems | $121M | 58/100 | |
4th | Joget 2009, Columbia (United States), Seed | Provider of a platform for application development, integration, and digital transformation | $2.2M | 45/100 | |
5th |  BetterCode 2022, Cincinnati (United States), Series B | Cloud based code snippets for developers | $13.5M | - | 35/100 |
6th | Platform offering reusable components for developer productivity | - | - | 34/100 | |
7th |  DevExpress 1998, Glendale (United States), Unfunded | Platform offering software library for web app development | - | - | 31/100 |
8th | Carbon Design System 2016, Austin (United States), Unfunded | Developer of an open-source design system for digital products | - | - | 28/100 |
9th |  Reverse POCO United Kingdom, Unfunded | Developer of Entity Framework reverse POCO generator for database integration | - | - | 25/100 |
10th |  Kelp 2019, New York City (United States), Unfunded | Developer of a platform for building and scaling AI-powered applications | - | - | 25/100 |
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Retool's Investments and acquisitions
Retool has made no investments or acquisitions yet.
News related to Retool
Filter this listMedia has covered Retool for a total of 4 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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Cohesity & AWS Collaborate to Advance AI Cyber ResilienceCIO Influence•Nov 21, 2025•Amazon Web Services, Cohesity, zeb, HCL Technologies and 8 others
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Retool aims to democratize software generation with AI AppGen platform launchSiliconAngle•Oct 09, 2025•Retool
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Momentic raises $3.7M to redefine software testing with AISiliconAngle•Mar 04, 2025•Momentic, Box, WePay, WayUp and 14 others
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Retool expands its low-code platform for creating internal apps to support external apps, tooTechCrunch+•Jun 26, 2024•Retool
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Synch Raises $3M in Seed FundingFinSMEs•Mar 18, 2024•Synch, Altcap, Haystack, Y Combinator and 9 others
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Retool Expands Retool Workflows to Help Developers Tame Automation SprawlBusiness Wire•Oct 05, 2023•Retool
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Retool Announces Retool AI—Making Generative AI Actionable for Every BusinessBusiness Wire•Sep 08, 2023•Retool
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