Montreal, Canada
Rithmik Solutions is a Canadian startup that specializes in increasing uptime in mines through advanced analytics, optimizing maintenance, and extending equipment life. With a focus on mobile mining equipment optimization, the company has achieved real-time onsite results in four regions and commodities, showcasing a customer-validated ROI of more than US $350k/haul truck/year.
The company's approach stands out due to its proprietary data processing methods, rapid analytics infrastructure, and an AI approach specifically tailored for mobile equipment. The team at Rithmik combines expertise in data science, product development, and decades of experience in mines to deliver innovative solutions.
Founded in 2017, Rithmik operates in the AI industry and recently secured a $2.00M Seed Round investment on 21 March 2024. The investors participating in the latest funding round include Chrysalix, Ecofuel Fund, Sprout Fund LP, Cycle Momentum, Diane Wolfenden, and Developer Capital.
