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There is an obvious similarity in appearance to the old fashioned incandescent light bulb and they do indeed glow and get warm. But this heat then allows a stream of electrons to pass from a cathode to an anode. Other electrodes control the flow of electrons similar to the way turning a tap controls the flow of water.
There were about 2,400 valves in Colossus,compared to the 15 billion transistors in an iPhone. There are still a few uses for valves today however: the magnetron in your microwave oven is a valve, and they are loved by hifi enthusiasts and guitarists for their amplifiers.