Retool raises $50M led by Sequoia

Retool, a platform designed to revolutionize software development, offers a streamlined approach for engineers to build internal applications by combining a drag-and-drop interface with the flexibility of custom coding. Since its launch, Retool has gained significant traction among companies like Allbirds, Brex, Amazon, and NBC, providing them with efficient tools for various internal operations. The platform allows rapid development of high-quality and robust applications by enabling engineers to quickly construct the frontend while customizing backend logic and data handling through tailored SQL queries and API requests. This approach not only accelerates software development but also enhances the operational efficiency of businesses by reducing reliance on fragile, error-prone spreadsheets. The company recently announced a $50 million Series B funding round led by Sequoia, with participation from notable industry figures, highlighting its growing impact and ambition to change how software is fundamentally built.