# Rithmik Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rithmik-solutions

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.rithmik.com
- Total disclosed funding: $5.7M
- Latest round: Series A (Dec 1, 2025)
- Investors on record: 10

## About

Based in Montreal, Canada, and founded in 2017 by CEO Amanda Truscott, CTO Kris Isfeld, and COO Kevin Urbansk, Rithmik Solutions Ltd., a.k.a. Rithmik Solutions is a developer of an AI platform intended to leverage AI for predictive maintenance on mobile mining equipment. In November 2025, Rithmik Solutions Ltd. raised an undisclosed amount of series A funding from Hitachi Construction Machinery Co., Ltd., Phoenix Fire, Devcap, Fonds Ecofuel, Sprout Fund and Chrysalix

Rithmik Solutions offers AI-driven tools, such as asset health analyzers and asset performance analyzers, for mining operations. The asset health analyzer (AHA) focuses on predictive maintenance, while the asset performance analyzer (APA) optimizes fuel efficiency, load management, and equipment health. Both tools provide actionable insights to enhance productivity and reduce operational costs, integrating with existing systems.

The company plans to use its proceeds from November 2025 funding scale quickly and continue expanding its product suite.

## Funding rounds

- Series A, Dec 1, 2025, $3M — Chrysalix, Hitachi Construction Machinery Co., Ltd, Fonds Ecofuel, Sprout Fund, Phoenix Fire, DevCap
- Seed, Mar 21, 2024, $1.5M — Chrysalix, Golden Triangle Angel Network, Sprout Fund, Archangel, Fonds Ecofuel, DevCap Advisory Partners, Cycle Momentum
- Seed, Jul 9, 2021, $1.2M — Chrysalix, Fonds Ecofuel

## Investors

- Chrysalix (https://capitalatlas.ai/funds/chrysalix) — Seed, Series A
- Fonds Ecofuel (https://capitalatlas.ai/funds/fonds-ecofuel) — Seed, Series A
- Golden Triangle Angel Network — Seed
- Sprout Fund (https://capitalatlas.ai/funds/sprout-fund) — Seed, Series A
- Archangel (https://capitalatlas.ai/funds/archangel) — Seed
- DevCap Advisory Partners — Seed
- Cycle Momentum — Seed
- Hitachi Construction Machinery Co., Ltd — Series A
- Phoenix Fire (https://capitalatlas.ai/funds/phoenix-fire) — Series A
- DevCap (https://capitalatlas.ai/funds/devcap) — Series A