Retool vs Tray.io
Side-by-side equity comparison for employees weighing offers at Retool or Tray.io. Valuations, funding history, headcount growth, and secondary-market context.
| Retool | Tray.io | |
|---|---|---|
| Latest valuation | $3B | Not publicly disclosed |
| Latest round | Series C | Series C |
| Round date | December 2022 | — |
| Total raised | $445M | $152M |
| Founded | 2017 | 2012 |
| Headquarters | San Francisco, CA | San Francisco, CA |
| Employees | 443 | — |
| Employee YoY growth | -2% | — |
| Primary industry | Enterprise Software | Enterprise Software |
| Secondary-market price | — | — |
| Base-case equity multiple | 1x | — |
| Upside equity multiple | 2x | — |
| Lead investors | Sequoia Capital, Y Combinator | General Atlantic, GGV Capital |
| Status | private | private |
Overview
Retool is a low-code platform for building internal business tools, enabling developers to quickly create dashboards, admin panels, and CRUD applications.
Low-code automation platform that connects enterprise applications and APIs, enabling business teams to build complex automated workflows without deep coding.
Why we compare these
Retool appears on Sara's List 2024; Tray.io is a direct competitor we track alongside it.
If you're evaluating offers at either one, the equity math depends on more than the headline valuation — dilution, strike price, time to liquidity, and concentration risk all matter. Use our equity compensation calculator and exit calculator to model your own numbers.