Hitachi Construction Machinery led a Series A round in Rithmik Solutions.

Hitachi Construction Machinery, a global construction machinery company, completed led a Series A round in Rithmik Solutions, a provider of OEM-agnostic, AI-powered performance analytics for mobile mining equipment, with participation from Chrysalix Venture Capital, Sprout Fund, Fonds Ecofuel, Phoenix Fire, and Developer Capital. Financial terms were not disclosed. “We’re honoured to collaborate with Hitachi Construction Machinery, a company that shares our dedication to innovation, operational excellence, and collaboration. By leveraging Hitachi Construction Machinery’s global presence with Rithmik’s expertise in mining analytics, we aim to deliver unprecedented performance, reliability, and sustainability to customers worldwide,” Ross Barichievy, Rithmik Solutions CEO.