Rithmik Solutions
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Rithmik Solutions

http://rithmik.com/
Last activity: 22.03.2024
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Categories: AnalyticsBuildingDataEnergyTechEquipmentITLearnLifeMobileOptimize
Mining companies typically spend a massive 20% – 50% of annual operating budgets on equipment repair and maintenance, and reduced yield from downtime has an even greater financial impact.

The major cause of downtime is that reliability and maintenance teams don’t have the information they need to diagnose and prevent failures. That’s why Rithmik Solutions created Asset Health Analyzer (AHA). With AHA, mines get:

-Earlier, more accurate alarms with no threshold-setting required (our algorithms do that for you)
-Prioritized maintenance based on actual equipment health
-Insights about what’s going wrong, what’s about to go wrong, and what went wrong in the past
-Increased uptime for better yields and revenues
-Performance comparisons across equipment types, brands, models, and geographies
-Reduced capital expenditures through extended end-of-life for older assets

AHA works with the data collection systems and reporting platforms mines want to use, which means you can get insights without having to tear out what’s already in place.

Our team has extensive experience in engineering, mining and all aspects of data analysis and collection. We've worked on equipment in mines all over North and South America.

Right now, companies that pilot with us will gain powerful intelligence regarding their most expensive equipment failures and the opportunity to purchase AHA licenses at a deep discount. Want to know more? Contact us.
Mentions
6
Location: Canada, Quebec, Montreal
Employees: 11-50
Total raised: $3.2M
Founded date: 2017

Investors 7

Funding Rounds 2

DateSeriesAmountInvestors
22.03.2024-$2M-
29.07.2021-$1.2MChrysalix ...

Mentions in press and media 6

DateTitleDescription
22.03.2024Rithmik Solutions Raises $2M in FundingRithmik Solutions, a Montreal, Canada-based company which specializes in AI-powered analytics for mobile equipment optimization in the mining industry, raised $2M in funding. Backers included Cycle Momentum, DevCap, angel investors from Ang...
13.07.2021Today in funding: Oneka, Rootly, Convergence.Tech, Bird&Be, Rithmik, Scatr, SoneroSeven companies with Canadian roots have recently secured fresh funding to fuel their growth. Here’s the latest on who raised money, how much, from whom, and what they plan to put the new capital toward. Oneka secures $5.5 million to suppor...
09.07.2021Rithmik Closes US$1.2M to Commercialize “AI-First” Mobile Mining AnalyticsMONTREAL and VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) – Rithmik Solutions, whose mission is building the world’s most advanced and reliable analytics for mobile mining equipment, today announced the closing of a US$1.2M i...
08.07.2021Rithmik Closes US$1.2M to Commercialize “AI-First” Mobile Mining AnalyticsMONTREAL and VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) -- Rithmik Solutions, whose mission is building the world’s most advanced and reliable analytics for mobile mining equipment, today announced the closing of a US$1.2M ...
06.04.2020Ecofuel Accelerator Unveils its 11th CohortMontreal, April 6th, 2020 – Ecofuel Accelerator, a specialized and personalized accelerator in the cleantech sector, announces the five companies of the Spring 2020 Cohort. Selected amongst thirty applicants, they’re the participants of the...
-Rithmik Solutions“About Us Rithmik is a mining technology company The most advanced AI-powered analytics system purpose-built for mobile mining equipment. Learn More Rithmik Solutions What We Do Solutions d’IA Les algorithmes de Rithmik mettent en évidence ...

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