About Rithmik
Rithmik is a company based in Fernie (Canada) founded in 2015 by Amanda Truscott, Kevin Urbanski, and Kris Isfeld.. Rithmik has raised $3.2 million across 4 funding rounds from investors including Angel One, Archangel Network and Cycle Momentum. The company has 14 employees as of December 31, 2024. Rithmik offers products and services including Data Analysis and Visualisations, Data Storage, Data Gathering, and AI Solutions. Rithmik operates in a competitive market with competitors including Symboticware, Maintenance Experts, AssetPoint, Maintenance Connection and Ox Mountain, among others.
- Headquarter Fernie, Canada
- Employees 14 as on 31 Dec, 2024
- Founders Amanda Truscott, Kevin Urbanski, Kris Isfeld
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Sectors
Natural Resources
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.2 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Angel One
& 8 more
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Employee Count
14
as on Dec 31, 2024
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Products & Services of Rithmik
Rithmik offers a comprehensive portfolio of products and services, including Data Analysis and Visualisations, Data Storage, Data Gathering, and AI Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Presents mining data for easy understanding and actionable insights.
Secures and provides access to mining equipment data when needed.
Collects data from mining equipment for analysis and consulting.
Uses algorithms to predict equipment failures and prevent breakdowns.
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Funding Insights of Rithmik
Rithmik has successfully raised a total of $3.2M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(08 Jul 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Rithmik | Valuation | Hitachi Construction Machinery |
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| Mar, 2024 | Amount | Series A - Rithmik | Valuation | Cycle Momentum , DEV Capital | |
| Dec, 2021 | Amount | Grant - Rithmik | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rithmik
Rithmik has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Angel One, Archangel Network and Cycle Momentum. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cycle Momentum is recognized as a startup accelerator and innovation platform focused on cleantech solutions.
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Founded Year | Domain | Location | |
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Early-stage tech startups in Canada are supported through angel investments.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are facilitated by Archangel Network.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rithmik
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rithmik
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rithmik Comparisons
Competitors of Rithmik
Rithmik operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Symboticware, Maintenance Experts, AssetPoint, Maintenance Connection and Ox Mountain, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Asset management solutions are provided for the mining industry.
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| domain | founded_year | HQ Location |
Web-based maintenance software is provided for enterprise equipment monitoring.
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| domain | founded_year | HQ Location |
Provider of Enterprise Asset Management and CMMS Solutions
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| domain | founded_year | HQ Location |
Facility maintenance and web-based asset management software are provided.
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| domain | founded_year | HQ Location |
Provider of online asset maintenance platform for the mining industry
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rithmik
Frequently Asked Questions about Rithmik
When was Rithmik founded?
Rithmik was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Rithmik located?
Rithmik is headquartered in Fernie, Canada. It is registered at Fernie, British Columbia, Canada.
Who is the current CEO of Rithmik?
Amanda Truscott is the current CEO of Rithmik. They have also founded this company.
Is Rithmik a funded company?
Rithmik is a funded company, having raised a total of $3.2M across 4 funding rounds to date. The company's 1st funding round was a Grant of $100K, raised on Jul 08, 2021.
How many employees does Rithmik have?
As of Dec 31, 2024, the latest employee count at Rithmik is 14.
What does Rithmik do?
Rithmik was founded in 2015 in Fernie, Canada, focusing on the mining sector. Predictive maintenance solutions are provided through the Asset Health Analyser (AHA) system, which employs AI algorithms. A virtual model of healthy equipment is simulated, and deviations from ideal performance are detected to offer operational insights. Services target mobile mining assets to support maintenance decisions.
Who are the top competitors of Rithmik?
Rithmik's top competitors include Maintenance Experts, Ox Mountain and Symboticware.
What products or services does Rithmik offer?
Rithmik offers Data Analysis and Visualisations, Data Storage, Data Gathering, and AI Solutions.
Who are Rithmik's investors?
Rithmik has 9 investors. Key investors include Angel One, Archangel Network, Cycle Momentum, DEV Capital, and Golden Triangle Angel Network.
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