RedCloud Appoints Istanbul Technical University Professor to Board, Accelerating Türkiye Expansion
RedCloud Holdings plc named Prof. Dr. Mustafa Ergen as a non-executive director on Tuesday, positioning the AI-driven trade infrastructure company to scale operations across Europe, the Middle East and Asia. The appointment follows the company's decision to establish an R&D center in Istanbul's ITU Teknokent.
Ergen is a professor at Istanbul Technical University and founder of multiple AI and deep-tech ventures. He previously served as Chief Technology Advisor to Türk Telekom Group and conducted advanced network research at UC Berkeley. Stanford University recognizes him among the world's top 2% of scientists.
Why Türkiye Matters to RedCloud's Strategy
Türkiye handles significant fast-moving consumer goods flows between three regions but operates across fragmented systems. RedCloud sees the country as a strategic anchor point for embedding intelligence directly into trade execution rather than simply recording transactions after the fact.
CEO Justin Floyd said the company views Türkiye as more than a market. "It sits at the intersection of major supply chains but also reflects the fragmentation and complexity we are solving for," Floyd said.
The Platform and Its Capabilities
RedCloud operates RedAI, a platform that generates and aggregates proprietary trading and market data across the FMCG industry. The company is advancing deployment of its RAID engine-Realtime AI for Distribution-to enable distributors, wholesalers and retailers to operate with greater visibility and precision across complex supply chains.
The company went public on Nasdaq in March 2025 under the ticker RCT. It was co-founded by British entrepreneur Justin Floyd and Soumaya Hamzaoui.
Ergen said the opportunity to embed intelligence into trade flows in Türkiye is significant. "RedCloud is building infrastructure that can operate in that environment in real time," he said.
For executives overseeing supply chain strategy or digital transformation, AI for Operations covers optimization approaches relevant to RedCloud's infrastructure model.
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