Companies
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Retool
Enterprise Software
Retool is a San Francisco-based low-code platform that lets developers quickly build internal business tools and dashboards by assembling pre-built UI components connected to a company's databases and APIs.
$1.64B
+$1.65
1,774.16%
30 days ago
$0.09
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Retool was founded in 2017 by David Hsu, Ned Lilly, and Jamie Cuffe, based on the observation that software engineering teams at nearly every company regularly need to build internal tools, such as admin dashboards, customer support interfaces, and various internal business process applications, that are used only by employees rather than external customers, but that building these internal tools using traditional custom software development approaches often requires disproportionate engineering time and effort relative to how much value or external customer impact these purely internal tools typically generate, since the underlying interface components and patterns needed for most internal business tools, such as data tables, forms, and buttons connected to a database, are broadly similar across many different internal tool use cases even though each individual company was historically building this similar functionality from scratch independently. Retool's platform provides a library of pre-built user interface components, such as tables, forms, charts, and buttons, that developers can quickly assemble into a functional internal tool using a visual, drag-and-drop builder, then connect those interface components directly to a company's existing databases, internal APIs, and third-party services, letting engineering teams build functional internal tools in a fraction of the time that building the same tool using fully custom code from scratch would typically require, while still retaining the flexibility to write custom code for more complex logic that Retool's pre-built components alone don't address. The company has positioned its platform specifically for professional developers building internal tools, distinguishing itself from more consumer-oriented no-code platforms aimed at less technical business users, since Retool's target users are typically software engineers who want to move faster on internal tooling specifically, while retaining full coding flexibility for more complex requirements, rather than being limited entirely to visual, non-code configuration options. Retool's customers span engineering teams at companies of many sizes and industries that need to build internal tools more efficiently than fully custom development from scratch would allow. The company has raised substantial venture funding from investors including Sequoia Capital, Bedrock Capital, and Tiger Global, reaching a valuation exceeding $3.2 billion, competing with other internal tool building platforms including Appsmith and various broader low-code application platforms.
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