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Rithmm Secures $2 Million in Seed Funding to Empower Smarter Betting Decisions.

Rithmm Secures $2 Million in Seed Funding to Empower Smarter Betting Decisions.

June 6, 2023

United States - Boston, - Rithmm, a technology and information company based in Boston, announced today that it has successfully raised $2,000,000 in its recent seed funding round. The funding round was led by prominent investors Correlation Ventures, Oyster Ventures, Boston Seed Capital, Service Provider Capital, and Counterview Capital.

Rithmm is revolutionizing the way people make betting decisions by providing a platform that allows users to effortlessly build custom analytical models. With Rithmm, individuals can tap into their instincts as a starting point, while the powerful back-end of the platform handles the complex analysis. The result is a personalized model that offers accurate predictions, recommended picks, scores, win probabilities, and an edge on the market for every game.

Rithmm's app is currently free to use until football season and is already available for NBA and WNBA betting. The company has plans to expand its offerings to include NCAAF and NFL in the near future.

The recent funding injection of $2 million will enable Rithmm to further enhance its platform, develop new features, and expand its user base. The company aims to empower a wider audience with AI-backed models, enabling them to make smarter and more informed betting decisions across various sports.

"We are thrilled to secure this seed funding round, which reflects the strong confidence and belief our investors have in our vision and platform," said Megan Lanham, co-founder of Rithmm. "This funding will allow us to accelerate our growth, deliver an exceptional user experience, and empower individuals to make data-driven decisions in the betting industry."

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