Retool’s platform enables developers to quickly build internal tools like admin panels, dashboards, and CRUD apps through a visual, drag-and-drop interface. Instead of coding UI components and data connections from scratch, Retool provides 90+ pre-built components, 40 templates, and database connectors to accelerate development. The company's core product allows developers to ship internal tools 10x faster across use cases like operations, sales, marketing, and more.

Founded in 2017 by David Hsu, Retool has seen impressive adoption with over 500,000 apps built and billions of queries run on its platform. The company's per-seat pricing model has helped it grow efficiently to over $80 million in annual recurring revenue in 2022 from major enterprise customers like Amazon, DoorDash, NBC, and Coinbase. Retool raised at a $3.2 billion valuation in 2022 and has a team of around 100 employees.

Looking ahead, Retool aims to expand from internal tools to enabling customer-facing app development. However, the company faces growing competition from low-code players like Airtable and Zapier, as well as the risk of customers potentially replacing Retool with custom in-house tools over time. Despite these risks, Retool's capital efficiency and ambitious product roadmap position it as an attractive opportunity for prospective employees passionate about accelerating software development.