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Rithmik Solutions secured $2 million in a seed funding round led by existing investors Ecofuel and Chrysalix Venture Capital to expand its global footprint and establish partnerships.

PRIVATEMar 21, 2024

Amount Raised

$2 Million

Round Type

Seed

MontrealArtificial IntelligenceAnalytics

Investors

Archangel’s Adrenaline FundGolden Triangle Angel NetworkAngel OneDeveloper Capital (Dev Cap)Cycle MomentumSprout FundChrysalix Venture CapitalEcofuel

Description

Montréal-based Rithmik Solutions raised $2 million CAD in a seed funding round to increase its global presence, establish partnerships, and enhance its platform for mobile mining equipment.

Who else raised in Analytics and Artificial Intelligence around the same time

Companies in the same sectors as Rithmik Solutions that raised within 45 days of this round, from Fundz verified event records.

  • Indicium raised $40M (Funding Round) on May 2, 2024.
  • Danti raised $5M (Seed) on May 2, 2024.
  • vHub.ai raised an undisclosed amount (Seed) on April 30, 2024.
  • Assert AI raised $4M (Series A) on April 29, 2024.
  • Spatialedge raised $3.1M (Seed) on April 26, 2024.
  • Daloopa raised $18M on April 24, 2024.

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Company Information

Company

Rithmik Solutions

Location

Montreal, Quebec, Canada

About

Rithmik is a provider of advanced, reliable analytics that optimize mobile mining equipment, delivering real-time results across multiple regions and commodities with a customer-verified ROI exceeding US $350,000 per haul truck per year. The company uses proprietary data processing, rapid analytics infrastructure, and AI designed specifically for mobile equipment, backed by a team that blends deep data science and product development expertise with decades of mining experience.

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Rithmik Solutions raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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