# Retool

Tool for developers to build internal apps on top of production data sources

## Revenue

**$120.00M** (2025)

## Valuation

**$3.20B** (2025)

## Funding

**$141.00M** (2025)

## Growth Rate (y/y)

**39%** (2025)

### Details

**Headquarters**: San Francisco, United States  
**Website**: [retool.com](https://www.retool.com/)

### Milestones

**Founding Year**: 2017

## Overview

Retool Data Summary | Sacra

### Retool

ARR & ARR Growth Rate

**$120.0M** (↑ 34.3% YoY)

Source: [Sacra](/content/c/retool/index.html)

Updated: Nov 12, 2025

### Revenue

Sacra estimates that [Retool](/content/c/retool/index.html) hit $120M in annual recurring revenue (ARR) in October 2025, up from $90M at the end of 2024. The company has experienced explosive growth, reaching this milestone after launching AppGen in April 2025 and Agents in May 2025, which introduced AI prompting credits and agent hours as new monetization units.

The platform generates revenue through subscription-based pricing tiers, with customers paying for seats across different plan levels that include varying features like SSO, audit logs, and on-premises deployment options. Enterprise customers represent a significant portion of revenue, with large organizations like Amazon, [Brex](/content/c/brex/index.html), and Coinbase running internal applications.

## Valuation & Funding

Retool Valuation Summary | Sacra

### Valuation & Amount Raised

**$3.2B** (↑ $141.0M Total Raised)

Updated: Nov 12, 2025

[Retool](/content/c/retool/index.html) raised a $45M Series C in July 2022 at a $3.2B valuation, led by Sequoia Capital.

The company's funding journey began with Y Combinator's Winter 2017 batch and it has raised approximately $141M in total funding.

### Valuation & Funding History

| Date      | Event                    | Valuation | Amount   | Status  |
|-----------|--------------------------|-----------|----------|---------|
| Oct 2025  | Institutional Secondary   | $3.2B    | $45.0M   | Closed  |
| Jul 2022  | Series C                 | —         | —        | Closed  |
| Dec 2021  | Series C                 | —         | —        | Closed  |
| Oct 2020  | Series B                 | —         | —        | Closed  |
| Apr 2019  | Series A                 | —         | —        | Closed  |
| Sep 2017  | Seed                     | —         | —        | Closed  |

## Product

[Retool](/content/c/retool/index.html) is a full-stack development platform that lets developers build production-grade internal applications rapidly. The platform connects to over 100 data sources including SQL databases, APIs, and SaaS platforms. Developers can implement backend automation and use AI-powered features for enhanced functionality.

## Business Model

Retool operates as a subscription SaaS platform with per-seat pricing. It targets developers, requiring coding knowledge to fully utilize its capabilities. The company's revenue scales through expanding seat usage and premium features for enterprise clients.

## Competition

Retool competes with traditional low-code platforms, open-source alternatives, and organizations that opt to develop tools in-house. It distinguishes itself by focusing specifically on internal tools for developers rather than targeting business users directly.

## TAM Expansion

Retool is venturing into AI-powered automation, customer-facing portals, and geographic expansion to access new markets, particularly in Europe.

## Risks

Key risks include AI displacement, enterprise competition, and pressure from open-source alternatives. These factors could potentially reduce demand for Retool or impact its pricing power.

## News

### Nokod Security Integrates with Retool to Enhance Governance

Nokod Security's integration emphasizes governance for low-code applications, targeting the growth of the low-code/no-code market.

### Retool Inc. Launches AI AppGen Platform

This platform democratizes software development, allowing non-engineers to build software, reshaping internal tooling strategies across industries.

### Retool Enhances B2B Tooling with User-Centric Design

This focus improves internal tooling efficiency and customer retention in the competitive landscape.