Founded Year

2017

Stage

Series C - II | Alive

Total Raised

$140.12M

Valuation

$0000 

Last Raised

$45M | 3 yrs ago

Revenue

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-49 points in the past 30 days

About Retool

Retool focuses on accelerating the creation of internal software within various business sectors. The company offers a suite of tools that enable drag-and-drop interface design, workflow automation, mobile app development, and integration with databases and external applications. Retool primarily serves engineering teams in startups and Fortune 500 companies, providing solutions that enhance developer productivity and enterprise-scale deployment. It was founded in 2017 and is based in San Francisco, California.

Headquarters Location

1550 Bryant Street

San Francisco, California, 94103,

United States

650-248-3695

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ESPs containing Retool

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Enterprise Applications

The AI agent builder platforms market offers no-code and low-code solutions for business users to create and deploy AI agents without programming expertise. These platforms provide drag-and-drop interfaces, pre-built templates, and visual workflow builders for automating tasks like customer support, scheduling, and lead qualification. Key features include integrations with business tools, multi-ch…

Retool named as Outperformer among 15 other companies, including Zapier, Salesforce, and WRITER.

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Expert Collections containing Retool

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Retool is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,309 items

A

AI agents & copilots

1,772 items

Companies developing AI agents, assistants/copilots, and agentic infrastructure. Includes pure-play emerging agent startups as well as companies building agent offerings with varying levels of autonomy.

Latest Retool News

Survey Finds 48% of Non-Engineers Are Already Shipping Production Software; AI Will Enable Even More

Oct 8, 2025

STS News Desk As demand for AI productivity surges, Retool’s new AppGen platform allows business users to build their own software safely, transforming their organizations. Retool , the leading platform for internal software development trusted by over 10,000 companies worldwide, announced the launch of its AI AppGen platform, designed for enterprise environments. Unveiled at the inaugural Retool Summit for enterprise builders, the announcement comes on the heels of Retool reaching a milestone of automating over 100 million hours of work and coincides with new survey data revealing dramatic shifts in how internal builders work—as domain experts demonstrate new building capabilities and 91% of all builders report changes to how they work. With executives pushing AI productivity mandates, organizations face an unprecedented scaling challenge: the gap between prototype and production. While AI tools have made it easier than ever to generate code and create prototypes, most solutions can’t bridge the gap to production-ready applications that work with real enterprise data and governance requirements. Retool’s survey of 1,100+ internal builders confirms this trend is widespread, with 66% of respondents reporting their organizations have implemented AI productivity mandates. The survey reveals that domain experts have gained significant autonomous building capabilities, with 48% of non-engineers saying they can now build directly. These builders span operations managers, product managers, data analysts, and finance professionals across business functions. “AI has dropped the bar to prototype, but the bar to ship hasn’t moved,” said David Hsu, CEO of Retool. “Most AI tools generate code that still requires extensive integration work to become production applications. Organizations are discovering that their biggest AI productivity gains come from platforms that understand their existing data, security, and infrastructure from day one.” “We’re excited to partner with Retool as they advance AI-assisted development in the enterprise. At Brex, speed and security aren’t trade-offs—they’re requirements,” said Camilla Matias, COO of Brex. “Now by adding AI that understands our actual data and security requirements, our teams can move at startup velocity while maintaining bank-grade governance. We’re eager for tools like these that enable our teams to build production-ready applications, not just prototypes.” Survey data demonstrates what happens when building is no longer limited to engineering teams: 80% can now go from problem identification to solution implementation without requiring support from other teams 65% better meet or exceed leadership productivity expectations, with domain experts driving measurable business outcomes. Among those working under explicit AI mandates, that number climbs to 74%. 51% now solving issues in “days/weeks instead of months/quarters” 46% now recognized by leadership as someone who can “make things happen” and 35% becoming “go-to” problem solvers “We’re seeing a fundamental shift in how organizations think about software development,” said Hsu. “The future belongs to companies that can democratize building capabilities while maintaining enterprise governance. Retool makes that possible .” “I used to have a freelancer that I would have to wait for weeks in between getting features implemented. Now with Retool’s AppGen capabilities, I’m able to roll out pretty much anything I want on my own, with 10x speed,” said Joel MacPherson, CFO/COO of TrueOps. Additional information about the 2025 Builder Report can be found here. Enterprise-Ready AI AppGen Retool’s new AppGen capabilities represent the next evolution of the platform, expanding who can build software within enterprises to meet productivity demands in the AI era. Unlike consumer AI coding tools that generate isolated code requiring manual integration, Retool creates production-ready applications that inherit existing enterprise infrastructure, security policies, and data governance automatically. Key capabilities include: Apps on your data: Access live production data from PostgreSQL, Salesforce, Databricks, and 100+ enterprise systems while respecting existing permissions and schemas Secure by default, built on what works: Automatically inherit enterprise security (SSO, RBAC, compliance) plus your team’s trusted building blocks—proven queries, components, and workflows that already power your business Mixed-mode development: Seamlessly transition between AI-assisted generation, visual development, and traditional coding within the same IDE In your cloud: Runs natively in your environment—cloud, self-hosted, or VPC—while maintaining your security perimeter and data control “The difference is enterprise readiness,” said Hsu. “Domain experts can describe a solution in natural language and get a production application that works with their actual business data and inherits all security policies automatically.” Write in to  psen@itechseries.com  to learn more about our exclusive editorial packages and programs.

Retool Frequently Asked Questions (FAQ)

  • When was Retool founded?

    Retool was founded in 2017.

  • Where is Retool's headquarters?

    Retool's headquarters is located at 1550 Bryant Street, San Francisco.

  • What is Retool's latest funding round?

    Retool's latest funding round is Series C - II.

  • How much did Retool raise?

    Retool raised a total of $140.12M.

  • Who are the investors of Retool?

    Investors of Retool include Sequoia Capital, Nat Friedman, Patrick Collison, John Collison, Elad Gil and 19 more.

  • Who are Retool's competitors?

    Competitors of Retool include Superblocks, ZORP, Dashcomb, Tachyonix, OutSystems and 7 more.

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Compare Retool to Competitors

Superblocks Logo
Superblocks

Superblocks enables the development of internal applications using artificial intelligence, operating within the enterprise software industry. The company provides tools that allow users to generate applications with artificial intelligence and extend functionality with code, while managing integrations, authentication, permissions, and audit logs. Superblocks serve sectors that require data and compliance controls, such as finance, healthcare, and other regulated industries. Superblocks was formerly known as Blockie. It was founded in 2021 and is based in New York, New York.

A
Appsmith

Appsmith offers an open-source low-code application platform that allows for custom application development across business sectors. Its platform provides users with tools for building applications using drag-and-drop User interface (UI) and JavaScript customization, requiring some coding knowledge. It serves full-stack and backend developers, systems administrators, and data teams looking for application development and integration solutions. It was founded in 2019 and is based in San Francisco, California.

U
UI Bakery

UI Bakery is a low-code platform designed to facilitate the rapid development of custom internal tools and applications. The platform offers a drag and drop interface builder, workflow automation, and Git version control integration, enabling developers to streamline the app creation process. UI Bakery's solutions cater to various sectors, including healthcare, SaaS, finance, government, and ecommerce, by providing specialized apps, dashboards, admin panels, and customer portals. It was founded in 2018 and is based in Lakewood, Colorado.

DronaHQ Logo
DronaHQ

DronaHQ is a low-code platform that facilitates the development of custom applications and internal tools for various business functions. The company provides tools such as a visual drag-and-drop builder, API and database integrations, and features for mobile app development. DronaHQ serves sectors such as BFSI, retail, manufacturing, and healthcare, offering solutions for internal apps and custom portals. It was founded in 2007 and is based in Mumbai, India.

O
Oriana

Oriana specializes in end-to-end back office digitalization through its low-code platform, catering to various business sectors. The company offers solutions including HR management, contract management, compliance management, records management, procurement management, and workflow management, which are intended to improve back office processes. Oriana's platform allows for the creation of custom applications to address different business needs. It was founded in 2012 and is based in Budapest, Hungary.

K
Kisai

Kisai is an enterprise application development platform that focuses on code generation and low code maintenance. The platform provides services including code generation, integration of backend and frontend code, and supply chain security, allowing developers to create and manage applications. Kisai's customers include developers and enterprises aiming to update their applications with AI. It was founded in 2022 and is based in Hyderabad, India.

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