Rierino, the smart low-code microservice development platform, has closed a $1.25m seed round ahead of its expansion to Europe and the Middle East.
The Istanbul-based startup is backed by the Future Impact Fund, which brings together Tacirler Portfoy, one of Turkey’s largest independent investment firms, and Vestel Ventures, the investment arm of a leading multinational conglomerate. Utku Sarioz, Co-founder of Rierino, said: “We are delighted to announce our fundraise and backing of such esteemed investors. Their global vision, retail know-how, and strong focus on R&D will be highly valuable assets for our team.”
Founded in 2020 by seasoned strategy and technology advisors Berkin Ozmen, Utku Sarioz, and Mine Ozmen, Rierino brings together composable commerce, embedded intelligence, and low-code/no-code (LCNC) capabilities to improve the flexibility, speed, and cost-effectiveness of enterprise-grade software development. The composable structure turns the technology stack into a plug-and-play suite, embedded intelligence provides smart automation, and the LCNC interface makes the solution much more inclusive for less technical users.
Rierino aims to provide the much-needed rapid customization capability for medium-to-large enterprises that is not available through standard packaged solutions.
Regarding the investment, Vestel Ventures CEO and Investment Committee Member Metin Salt commented: “Rierino is uniquely-positioned in the fast-growing low-code/no-code space with its hyperflexible solutions that easily adapt to companies’ internal strategy, competition, and customer drivers. Developed by a highly-experienced founding team, the technology is intuitive and efficient further supporting its high growth potential. We foresee that Rierino’s unparalleled capabilities will be well-received in the market at a global scale. We expect that it is the right technology and timing for the investment and that it will increase the value of the company rapidly and provide significant returns to our fund in financial terms.”
The new funding will help the company accelerate product innovation, grow the team, and expand partnerships and integrations.
