Adobe Systems Inc., whose PDF files have long been the document format of choice for many federal agencies, is developing an advanced version designed to make conducting online transactions easier.

Retool Inc., the maker of a low-code software development platform used by companies such as Amazon.com Inc., today said that it has closed a $20 million funding round at a $1.85 billion valuation.

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In 2017, David Hsu and Anthony Guo, members of Silicon Valley startup accelerator Y Combinator, founded Software-as-a-Service (SaaS) platform Retool. The startup, according to the founders, is ...