✦ AI AI Company Comparison

Rippling vs Retool — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Rippling: verified Jul 20, 2026. Data for Retool last verified: Jul 15, 2026.
Metric Rippling Retool
Valuation$35.0B$3.2B
Total Funding$3.2B$145M
IPO StatusPrivatePre-IPO
SectorEnterprise SoftwareEnterprise Software
StageSeries ISeries C
HeadquartersSan Francisco, CASan Francisco, CA
CEOParker ConradDavid Hsu
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Rippling

Rippling is the unified HR, IT, and finance platform for businesses — combining payroll, benefits, device management, and spend management in one system. Valued at $25B with $1.8B raised, Rippling generates $600M+ in ARR and has disrupted Workday, BambooHR, and Expensify. IPO candidate as the consolidation of HR/IT/finance into a single AI-native platform accelerates in the $80B+ enterprise software market.

IndustryEnterprise Software
StageSeries I
IPO StatusPrivate
Valuation$35.0B
Total Funding$3.2B
HeadquartersSan Francisco, CA

Retool

Retool is the low-code platform for building internal business tools and software — the fastest way to build internal apps without hiring a development team. Valued at $3.2B with $400M raised, Retool serves 5,000+ companies including Amazon, DoorDash, and Peloton. Major SaaS IPO candidate as low-code internal tools become essential for enterprises replacing legacy admin panels.

IndustryEnterprise Software
StageSeries C
IPO StatusPre-IPO
Valuation$3.2B
Total Funding$145M
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What is the Rippling vs Retool valuation in 2026? +

Rippling is valued at $35.0B. Retool is valued at $3.2B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

Which is more likely to IPO first — Rippling or Retool? +

Rippling is currently private. Retool is currently pre-IPO. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Rippling has raised $3.2B. Retool has raised $145M.

Are Rippling and Retool in the same sector? +

Rippling operates in Enterprise Software, while Retool operates in Enterprise Software.

What are the key differences between Rippling and Retool as investments? +

Rippling is a Enterprise Software company valued at $35.0B with $3.2B raised. Retool is a Enterprise Software company valued at $3.2B with $145M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Rippling or Retool before their IPO? +

Accredited investors can access pre-IPO shares in Rippling and Retool through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.

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