Rheti Inc

company

About

Rheti is Wordpress meets IFTTT meets App Inventor

  • 1 - 10

Details

Last Funding Type
Seed
Last Funding Money Raised
$54K
Industries
Android,Apps,DIY,Mobile,Software
Founded date
Mar 9, 2012
Number Of Employee
1 - 10
Operating Status
Active

Rheti believes that anyone can build a great mobile application. We make this possible by transforming today’s complex app development processes into an enjoyable, simple to use, and highly customizable experience. If you’re the kind of person who has ever had an app idea (for your life or job), or wished a particular app worked differently, then Rheti’s platform enables you to build that app, using just your smart phone. Our revolutionary technology requires no programming experience, creates 100% native Android apps, allows for customization in both behavior and look-and-feel, leverages a growing marketplace of Android and third party features (Google, Facebook, WeMo, etc), easily connects with data feeds, and is free to use. Think of Rheti as Wordpress meets IFTTT meets App Inventor.

Customer Problem: There is an incredible disconnect between an app idea (or need) and the ability for anyone to execute on that idea. This problem has different implications in the corporate and consumer worlds. In the enterprise world, management has to navigate through an IT backlog in order to build an app that could drastically increase their efficiency and bottom lines. This process can cost companies upwards of hundreds of thousands of dollars in time and money (sometimes more than $2MM), in addition to foregone revenue or productivity from the customized app.

In the consumer world, the disconnect between the app creator and the end user could result in subpar apps, privacy concerns, and lack of creativity in the entire ecosystem. A developer will likely sacrifice an app’s functionality unless it addresses a greater market, even though that unique functionality could be extremely creative and useful to a small group of users. Consequently, apps will never be able to be individually tailored to a person’s unique needs. This is affecting app creativity with the end result being an ecosystem full of app iterations rather than app innovations. A developer might also have to sell a user’s private information with other companies in order to generate revenue. This creates mistrust between consumer and developer and further widens the gap between both groups.

Solution: Remove all barriers in mobile application building and enable anyone to build great applications. In doing so, we can spark a more efficient and creative mobile ecosystem for enterprises, developers, and non-developers. Rheti is an Android application that allows users to build apps on their devices using touch commands. Rheti requires no programming experience, creates 100% native Android apps, allows for customization in both behavior and look-and-feel, leverages a growing marketplace of Android and third party features (Google, Facebook, WeMo, etc), easily connects with data feeds, and is free to use. All parties benefit: 1) Enterprise management, sales, and marketing teams are capable of building beautiful internal or consumer facing apps (with the power to tie into middleware systems) without going through the IT backlog. This ability can lead to increases in productivity, efficiency, and even greater sales. 2) Developers can focus on creating and selling innovative features in the Rheti marketplace. The platform also shortens their own app development time, as there is no need for API integration, time-consuming front-end work, or even debugging of Rheti marketplace features. 3) Non-developers are able to make apps with a degree of customization and functionality much greater than previously available.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$104K
Rheti Inc has raised a total of $104K in funding over 2 rounds. Their latest funding was raised on Dec 1, 2013 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 1, 2013 Seed $50K 1 Detail
Jun 29, 2013 Seed $54K 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Rheti Inc is funded by 1 investors. Family and Friends Investment are the most recent investors.
Investor Name Lead Investor Funding Round
Family and Friends Investment Seed