Retool vs Workato
Side-by-side equity comparison for employees weighing offers at Retool or Workato. Valuations, funding history, headcount growth, and secondary-market context.
| Retool | Workato | |
|---|---|---|
| Latest valuation | $3B | $6B |
| Latest round | Series C | Series E |
| Round date | December 2022 | January 2022 |
| Total raised | $445M | $420M |
| Founded | 2017 | 2013 |
| Headquarters | San Francisco, CA | Mountain View, CA |
| Employees | 443 | 1,347 |
| Employee YoY growth | -2% | +20% |
| Primary industry | Enterprise Software | Enterprise Software |
| Secondary-market price | — | $2.81 |
| Base-case equity multiple | 1x | 1x |
| Upside equity multiple | 2x | 1x |
| Lead investors | Sequoia Capital, Y Combinator | Battery Ventures, Insight Partners |
| 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.
Enterprise integration and automation platform that connects apps and automates workflows across IT and business teams using AI-assisted recipe building.
Why we compare these
Retool appears on Sara's List 2024; Workato 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.