Rithmio’s software has two features that set it apart: it can be trained by the user for new, user-defined gestures, and once trained, it can accurately distinguish the gesture being performed and provide precise analysis of how the gesture compares to a baseline. Brands can utilize Rithmio’s software to create accurate and personalized gesture-based products such as wearables, smartwatches or connected sports equipment.
Tilton states, “Rithmio pushes the boundaries in the gesture recognition market by providing advanced gesture recognition as a platform. Our software libraries are built to run on any platform, including wearables, smartphones, or any other connected motion sensing devices. The result is an open platform that enables brands to create accurate gesture-based products efficiently.”Built in Chicago article, “The University of Illinois does a ton to support entrepreneurs. One of the premier academic institutions in the world lies just two hours outside of Chicago, and we’re lucky enough to have Chicago investors who really want to keep that tech talent here in the Midwest.”
The Rithmio team won the Technology Entrepreneur Center’s Cozad competition in 2014, in the University funded track. The funds they won from Cozad enabled them to open offices in both Champaign and Chicago. Cozad was a turning point for Tilton and Mehta. “Cozad was an awesome experience! If we didn’t do Cozad, we wouldn’t be where we are today. Having a chance to present your idea to a room full of investors and be able to hear their feedback was an unbelievable experience,” said Tilton.
In August 2014, they raised $650K in seed funding. The $650,000 seed round of financing was led by Marcin Kleczynski, CEO of Malwarebytes, with Illinois Ventures, Techra Investments, Hyde Park Venture Partners, Serra Ventures, BonaVentura and Fox Ventures also participating in the investment along with angel investors.
To learn more, visit http://rithmio.com/