Rithmio, a Champaign, Illinois-based gesture recognition platform, raised $650k in seed funding.
The round was led by Marcin Kleczynski, CEO of Malwarebytes, with participation from Illinois Ventures, Techra Investments, Hyde Park Venture Partners, Serra Ventures, BonaVentura, Fox Ventures and other angel investors.
The company intends yo use the funds to accelerate operational and technical development of its platform.
Co-founded by Adam Tilton and Prashant Mehta at the University of Illinois at Urbana Champaign, Rithmio provides gesture recognition software that automatically learns new patterns of movement from motion sensor data. Once the patterns have been learned, the software is able to detect, classify and analyze gestures in real time. The platform integrates with connected devices like wearables or smartphones and can be applied to a variety of industries including fitness and physical activity tracking, human-computer interaction, gaming, healthcare, security etc.
FinSMEs
25/09/2014