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Rithmio

Chicago, US · Founded 2011 · Delaware corporation · 4 known investors

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Founders & leadership

Rithmio was founded in 2011 by Prashant G. Mehta and Adam K. Tilton.

PGPrashant G. Mehta
Prashant G. MehtaCo-founder · CTO2013–2016Prashant Mehta holds an M.S. in Electrical and Computer Engineering from the University of Massachusetts at Amherst (1996) and a Ph.D. in Applied Mathematics from Cornell University (2004). He is a Professor of Mechanical Science and Engineering at the University of Illinois at Urbana-Champaign and was co-founder and Chief Science Officer of Rithmio, a gesture recognition startup acquired by Bosch Sensortec in 2017.
AKAdam K. Tilton
Adam K. TiltonCEO and Co-founder2013–2016Adam K. Tilton is co-founder and CEO of Driver. He previously founded Aktive, an embedded machine learning platform acquired by Nike in 2019, and Rithmio, acquired by Bosch Sensortec in 2017. His background spans signal processing, machine learning, and software engineering.

Investors · 4

Hyde Park Venture PartnersreportedChicago · $500K – $3M

How we know: funding news · Not right? Tell us

Illinois VenturesreportedChampaign

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Serra VenturesreportedChampaign · $5M

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Reported raises · per SEC filings

Form D private placements

$3.6M disclosed across 1 round · 2014

▶$3.6MraisedJul 2015 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Prashant G. MehtaExecutive Officer, Director, Promoter
  • Adam K. TiltonExecutive Officer, Director, Promoter
Offering amount
$3.7M
Amount sold
$3.6M
Minimum investment
$10K
First sale
Jul 2014
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase I2016$150K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

Who founded Rithmio?
Rithmio was founded by Prashant G. Mehta, Adam K. Tilton in 2011.
Who are Rithmio's investors?
Rithmio's investors include Fox Ventures, Hyde Park Venture Partners, Illinois Ventures, Serra Ventures.
How much funding has Rithmio raised?
Rithmio has disclosed $3.6M raised across 1 round.
Where is Rithmio headquartered?
Rithmio is headquartered in Chicago, US.