Retool has launched a new PostgreSQL database solution integrated into their platform, designed to simplify database management for app developers by providing a user-friendly spreadsheet interface for schema updates and data management. Currently in private beta, this Retool-hosted database offers an easy transition from spreadsheets to a robust SQL environment, allowing teams to build apps quickly without the complexities of setting up traditional databases. Early users have successfully transitioned from tools like Google Sheets, benefiting from streamlined data handling and scalable app development. The database is free to use during the beta phase, with a generous storage tier, and Retool invites interested users to join their waitlist. Additionally, Retool has announced a successful Series C2 fundraising round, securing $45 million at a $3.2 billion valuation.