Rithmik Solutions Secures $2M Funding to Propel AI Analytics in the Mining Industry

Rithmik Solutions specializes in leveraging AI to bring transformative analytics to the mining industry's mobile equipment management.

Source: Rithmik Solutions

Company Name: Rithmik Solutions
Location: Montreal, Canada
Sector: Mining Industry AI Analytics
Funding Details: Raised $2M from Cycle Momentum, DevCap, AngelOne, the Golden Triangle Angel Network and Archangel’s Adrenaline Fund, and previous investors Chrysalix Venture Capital and Ecofuel.
Purpose of Investment: To accelerate growth, enhance product offerings, and expand global reach to optimize mobile equipment efficiency in the mining sector.

Product: Rithmik Solutions provides AI-powered analytics for mobile equipment optimization in the mining industry through its Asset Health Analyzer (AHA™) technology. AHA™ delivers early detection of equipment issues, insights for maintenance planning, and operational efficiency intelligence.

About Company: Rithmik Solutions specializes in leveraging AI to bring transformative analytics to the mining industry's mobile equipment management. Its innovative Asset Health Analyzer (AHA™) technology integrates seamlessly with existing systems, offering mines the ability to enhance the efficiency and lifespan of their mobile equipment. The company's vendor-independent insights allow for a focus on sustainable operations.

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