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Retool

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Retool

Low-code platform for building internal tools.

retool.com
HQ: San Francisco, CA, USA
Developer Tools

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

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

San Francisco
New York
Salt Lake City
London

Business model

Subscription SaaS
Per-seat pricing
Tiered cloud plans
Self-hosted enterprise contracts
External-user pricing
Usage-based AI credits and agent hours

Funding

Stage

Series C2

Total raised

$141.3M

Latest round

Series C2 · Jul 2022

Latest amount

$45M

Series C2

Jul 2022 · Sequoia Capital

$45M

Series C

Dec 2021 · Sequoia Capital

$20M

Series B

Oct 2020 · Sequoia Capital

$50M

Series A

Apr 2019 · Sequoia Capital

$25M

Seed

Sep 2017

$1M

People & investors

Leadership

David Hsu

Founder & CEO

Ryan Wong

Head of Engineering

Investors

Caryn Marooney
Coatue
Daniel Gross
Elad Gil
John Collison
Nat Friedman
Patrick Collison
Sequoia Capital
SV Angel
Y Combinator

Work & culture

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

Medical, vision, and dental coverage
Life and disability insurance
Daily lunch in offices
Stocked kitchens with snacks and beverages
Paid volunteer day
Flexible PTO
4-week Work From Anywhere policy
$10,000 lifetime fertility benefit
Gender-affirming care coverage
401(k) with company match
Company equity
Performance bonuses

Product & market

Pricing

Tiered per-seat SaaS pricing with cloud and self-hosted plans, plus external-user pricing and AI-credit usage on paid plans.

Differentiators

  • —Governance and security are built into the platform rather than bolted on
  • —Connects directly to existing databases, APIs, warehouses, and LLMs without moving data
  • —AI-native app generation with visual editing and full code access
  • —Cloud or self-hosted deployment options
  • —Shared runtime and permissions model across apps, workflows, and agents
  • —Built for production-grade internal software, not just prototypes

Technology

React
TypeScript
JavaScript
Node.js
PostgreSQL
AWS
Kubernetes
Docker
Terraform
OAuth
GitHub
GCP
Azure
WASM
seccomp

Customers

Amazon
Stripe
Brex
DoorDash
Ramp
OpenAI
Pinterest
Snowflake
Taco Bell
Volvo
Pernod Ricard
Plaid
NBC
Orangetheory Fitness
AWS

Competitors

Appsmith
Glide
Budibase
ToolJet
OutSystems
Appian
Microsoft Power Apps
ServiceNow
Salesforce
Replit

Scale & contact

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

support@retool.com

Signals & risks

Layoff
Jun 2023

Blind/TrueUp reported that Retool laid off about 9% of its workforce, affecting customer success, recruiting, and workplace teams.

Source
Other
Feb 2026

Retool 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.

Source

Latest news

Retool unveils first platform to extend enterprise governance to all AI-coded apps

Retool 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.

Ship vibe-coded apps to production

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.

AI Impact: Are Your Teams Quietly Replacing SaaS?

Newsweek · Mar 2026

Newsweek covered Retool's findings on SaaS replacement, shadow IT, and the need for governed internal building environments.

Retool's 2026 Build vs. Buy Report reveals 35% of enterprises have already replaced SaaS with custom software

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.

Retool expands its low-code platform for creating internal apps to support external apps, too

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.

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