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Rithmio Rakes In $3 Million Equity and Debt

Wednesday, July 1, 2015 5:45:00 AM PDT | VentureDeal
   Chicago, Illinois  --  Software technology developer Rithmio has received $3 million in its fourth round of venture capital funding.

Rithmio is commercializing technologies that improve gesture recognition and control on mobile and wearable devices.

KGC Capital and Intel Capital co-led the round, which included numerous Illinois-based investors.

The company said it would use the funding to enhance its developer community outreach to create the next generation of wearables and other products based on its gesture recognition software.

The company was cofounded by CEO Adam Tilton and CTO Prashant Mehta.

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