Retool, a San Francisco, CA-based platform that allows builders to construct software program apps for inner use circumstances, raised $20m in Sequence C funding, which valued the corporate at $1.85 billion.
Backers included Sequoia, Elad Gil, Patrick Collison, John Collison, Nat Friedman, and Jay Simons.
The corporate intends to make use of the funds to rent expertise and speed up product improvement throughout a number of new product traces.
Led by David Hsu, co-founder and CEO, Retool gives builders with instruments to attach all their databases, APIs, and inner methods, and make consumer interface constructing and all different ancillary work easy. The answer is hackable and extensible, giving builders the flexibility to make use of JavaScript and customise the final mile of each app.
Retool now powers over 1 / 4 million enterprise functions throughout companies of each dimension, from fast-growing startups like Hopin, Descript, and Brex to world enterprises like Amazon, Pinterest, and Conagra.
1000’s of groups at firms like Amazon, DoorDash, Peloton, and Brex collaborate round custom-built Retool apps to unravel inner workflows.
FinSMEs
22/12/2021
