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.
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.