Rithmik Solutions
Montreal, CA · Founded 2017 · 18 employees on LinkedIn · 10 known investors
Rithmik provides condition-based failure detection and diagnostics for heavy mining equipment, analyzing subsystem data to identify root causes of performance degradation before OEM alarms trigger. Its software gives maintenance and mining fleet operators diagnostic confidence scores and quantifies production and revenue at risk from equipment issues.
Investors · 10
ChrysalixDelft · $36.5K – $2.9M
Ecofuel FundMontreal · $1.5M
SproutxEdmonton · $500K – $750K
Cycle MomentumreportedMontréal
Also in the syndicate · 6
Chrysalix Venture CapitalDeveloper CapitalFonds EcofuelHitachi Construction Machinery Co., Ltd.Phoenix FireSprout Fund
Funding
SEC filings, press & company announcements$2M disclosed across 1 of 2 rounds · 2024–2025
- Undisclosed amountSeries ADec 2025 · 2 sources
Chrysalix Venture Capital, Developer Capital, Fonds Ecofuel, Hitachi Construction Machinery Co., Ltd., Phoenix Fire, Sprout Fund
Source ↗ - $2MraisedMar 2024 · 2 sourcesSource ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Rithmik Solutions do?
- Rithmik provides condition-based failure detection and diagnostics for heavy mining equipment, analyzing subsystem data to identify root causes of performance degradation before OEM alarms trigger. Its software gives maintenance and mining fleet operators diagnostic confidence scores and quantifies production and revenue at risk from equipment issues.
- Who are Rithmik Solutions's investors?
- Rithmik Solutions's investors include Chrysalix, Ecofuel Fund, Sproutx, Cycle Momentum.
- How much funding has Rithmik Solutions raised?
- Rithmik Solutions has disclosed $2M raised across 1 of its 2 known rounds.
- Where is Rithmik Solutions headquartered?
- Rithmik Solutions is headquartered in Montreal, CA.