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Retool is a software company that provides a platform for building internal tools quickly and efficiently. Founded in June 2017 by CEO David Hsu, the company aims to simplify the development and scaling of mission-critical applications. Retools platform reduces redundant coding by offering a suite of tools and components that can be easily integrated, helping businesses streamline operations and improve productivity. Retool serves a diverse range of notable customers, including Amazon, Mercedes-Benz, Doordash, NFL, NBC, Rakuten, Brex, Lyft, Plaid, and Coinbase. These companies utilize Retools solutions to manage their internal tools effectively. Since its inception, Retool has experienced significant growth, reaching an annual recurring revenue of approximately $80 million by 2022 and processing billions of queries across over 500,000 apps built on its platform. With a valuation of $3.2 billion, Retool continues to solidify its position as a leader in the tech industry.
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