Rithmio Raises $3M in Seed Funding

rithmioRithmio, a Chicago, IL-based developer of a gesture-recognition platform for wearables, raised an additional $3m in seed funding.

The round was led by KGC Capital and Intel Capital with participation from Hyde Park Venture Partners, Hyde Park Angels, MAS Capital, Foley Ventures, OCA Ventures, Serra Ventures and New Coast Ventures.

The company intends to use the funds to hire additional engineers.

Spun out of the University of Illinois by CEO and co-founder Adam Tilton, Rithmio is developing a gesture-recognition software platform for product teams to create personalized gesture-based products including smartphones, wearables and sports equipment.
In September 2104, the company had raised $650k (read here).



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