Blind/TrueUp reported that Retool laid off about 9% of its workforce, affecting customer success, recruiting, and workplace teams.
SourceLow-code platform for building internal tools.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Retool is an enterprise app-generation platform for building, deploying, and governing internal software and AI-powered business applications connected to live company data.
Primary product
AI-native internal software platform (app builder, workflows, and agents)
Founded
2017
Headquarters
1550 Bryant Street, San Francisco, CA 94103
Team size
201-500 employees
Work style
Hybrid
Industry
Software Development
Sub-industry
Enterprise application platform / internal tools / low-code development
Offices
0 jobs at Retool
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Business model
Builder-first and product-close culture with a hybrid in-office model, strong emphasis on security/governance, and a message that every employee builds and uses Retool internally.
Work style
Hybrid
Compensation
Public materials mention company equity, performance bonuses, and 401(k) matching, but I did not find public salary bands or a formal visa-sponsorship statement.
Benefits
Pricing
Tiered per-seat SaaS pricing with cloud and self-hosted plans, plus external-user pricing and AI-credit usage on paid plans.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $100M-$150M ARR (public estimates center around ~$120M ARR as of Oct. 2025)
Estimated monthly visits
1.9M
Traffic estimate as of Jun 2026
Blind/TrueUp reported that Retool laid off about 9% of its workforce, affecting customer success, recruiting, and workplace teams.
SourceRetool forum posts said self-serve self-hosted signups were stopped and new self-hosted deployments would move through Enterprise sales, while existing customers were not immediately affected.
SourceRetool Newsroom · Jun 2026
Retool announced that teams can build with any AI coding tool and deploy to production with enterprise governance enforced automatically, along with a new app builder and an AI governance survey.
Retool Blog · Jun 2026
Retool introduced a new AI-native platform built on React and TypeScript with MCP support, governed runtime, and support for apps built in Claude Code, Codex, Replit, Lovable, or Retool itself.
Newsweek · Mar 2026
Newsweek covered Retool's findings on SaaS replacement, shadow IT, and the need for governed internal building environments.
Business Wire · Feb 2026
Retool released survey findings showing 35% of teams had already replaced at least one SaaS tool with custom software and 78% expected to build more internal tools in 2026.
TechCrunch · Jun 2024
TechCrunch reported Retool's expansion into external apps, noting use at thousands of companies and the launch of Retool for External Apps.