-9%

est. 2Y upside i

DevOps & InfraSeries C

Low-code platform for building internal business tools and applications

Rank

#1759

Sector

Developer Tools / Low-Code

Est. Liquidity

~4Y

Data Quality

Data: Medium

Retool has impressive capital efficiency and AI pivot, but $3.2B valuation from 2022 peak and low 20% gross margins are the key risks.

Last updated: March 20, 2026

Bull (25%)+190%

AI pivot accelerates, $300M+ ARR, IPO at 10-12x. AWS partnership drives enterprise.

Base (45%)+55%

25-30% growth, $200-240M ARR, margins improve to 60-70%, IPO at ~$4-5B.

Bear (30%)-55%

MS Power Apps commoditizes, margins stall, down round at $3.2B peak.

Est. time to liquidity~3.5 years

Preference Stack Risk

moderate

Funding Intensity

6%

$190M raised; exits below $3.2B = nothing for common.

Dilution Risk

low

5.9% funding intensity; very low dilution.

Secondary Liquidity

limited

4 years since last round; illiquid until exit.

Other — 2 roles

View all 2 open roles at Retool →

Last updated: February 17, 2026

Questions to Ask at the Interview

Strategic questions based on Retool's data — designed to show you've done your homework.

  • 1

    “ARR growth and NRR?”

  • 2

    “IPO timeline and secondary liquidity?”

  • 3

    “AppGen/Agents monetization attach rate?”

Cluster Peers

Expected Upside

Retool
-9%
Airtable
-71%

Community

Valuation Sentiment

Our model estimates -9% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.