Oslo-based tech company Riff, which offers a no-code/low-code AI platform for building internal business applications, has secured $16 million in a Series A round led by Northzone.
- Founded in 2021 by Trygve Karper, Martin Skow Røed, and Viral Shah, Riff, formerly known as Databutton, builds a platform that enables teams to create AI-powered internal tools without requiring extensive engineering resources.
- The platform allows users to connect their existing data sources and workflows to AI models, automating tasks and generating insights that support decision-making across operations, finance, healthcare, manufacturing, and other industries.
- By simplifying the process of building and deploying AI-driven applications, Riff helps organizations leverage artificial intelligence to streamline internal processes and improve efficiency.
Details of the deal
- The investment was led by Northzone, a London-based venture capital firm known for investing in early to growth-stage tech startups across Europe and the US, with notable portfolio companies such as Spotify and Klarna.
- The Series A also saw support from Skyfall Ventures, Maki.vc, Global Founders Capital, Sondo, and Illusian Founder Office.
"We’ve backed Riff since the seed round and are proud to continue investing in their mission to make software development radically more accessible," Skyfall Ventures' team, commented on LinkedIn.
- Riff plans to use the fresh $16 million Series A funding to accelerate product development, expand its AI-powered internal tools platform, and scale its go-to-market efforts.
