# RtTech Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rttech-software

- Industry: Software
- Headquarters: Canada
- Website: www.rttechsoftware.com
- Total disclosed funding: $3M
- Latest round: Series A (Feb 24, 2015)
- Investors on record: 2

## About

RtTech Software Inc. is a Canadian company specializing in operational analytics. Their solutions enhance equipment efficiency and optimize production processes for industries like mining and metals.Founded in 2011, RtTech Software Inc. develops advanced analytics applications tailored for industrial operations. The company is headquartered in Canada and recorded its most recent funding round, a Series A, on 21 May 2015, led by McRock Capital. They have successfully raised a total of USD 3.00 mn across two deals.RtTech Software specializes in advanced operational analytics through its flagship product, RtDUET, which tracks downtime events and accounts for production loss. This application enhances equipment efficiency and provides critical metrics for informed operational decisions. Key functionalities include an operator-friendly event dashboard for downtime tracking, automatic fault code generation for accurate data recording, and real-time delay accounting tailored for industries such as mining, minerals, and metal processing. Clients include major corporations like Barrick Gold and AGL Energy, with a presence in North America and Australia.RtTech Software generates revenue primarily through subscriptions to its RtDUET application, which offers a comprehensive solution for operational analytics. Customers engage through direct partnerships, implementing the software to track and improve production processes. Revenue streams also include ongoing support and maintenance services associated with the platform. Their pricing structure reflects the value provided by their flagship product, enabling clients to leverage robust analytics capabilities to enhance operational efficiency.Looking ahead, RtTech Software aims to launch new products designed to further enhance operational analytics capabilities, with an emphasis on expanding into new geographic markets. Specific regions targeted for growth include North America and Australia, leveraging recent funding received in May 2015 to support these initiatives. The funding will enable the company to focus on product development and market expansion efforts that align with their strategic objectives.

## Funding rounds

- Series A, Feb 24, 2015, $3M — McRock Capital, New Brunswick Innovation Foundation

## Investors

- McRock Capital (https://capitalatlas.ai/funds/mcrock-capital) — Series A
- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Series A