Low-code enterprise app maker startup Retool raises $50M on $925M valuation

The Series B round was led by Sequoia Capital and included the founders of GitHub, Gusto, PagerDuty, Plaid, Segment, Stripe and Y Combinator. The company’s interface offers a range of pre-made blocks which customers can drag and drop into place to create the app they want, with the ability to add code should they then desire to deliver the final product. “Spend your time getting UI in front of stakeholders, not hunting down the best React table library,” the company says, along with a promise that apps can be assembled in as little as 30 seconds. Retool’s customers includes Amazon.com Inc., Doordash Inc., Anheuser-Busch InBev SA/NV, Mercedes-Benz, Koninklijke Philips NV, Fox, NBC, Warner Bros. and Progressive Corp. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money.