Rithmik Solutions, a leading provider of OEM-agnostic and AI-powered performance analytics for mobile mining equipment, has taken a major step forward in its growth journey. The company announced that Hitachi Construction Machinery Co., Ltd. has made a minority strategic investment as part of Rithmik’s ongoing financing round. This move not only strengthens their long-standing collaboration but also accelerates their shared mission to advance the next wave of smart, AI-enabled mining operations.
From the outset, Rithmik has distinguished itself by offering fully OEM-agnostic solutions capable of delivering high-resolution analytics across mixed mining fleets. As mining operations expand and evolve, companies are increasingly seeking site-wide digital tools that work seamlessly across all equipment brands. Recognizing this shift, Hitachi Construction Machinery sees Rithmik’s approach as a crucial advantage for mines that prioritize interoperability, flexibility, and scalable digital transformation.
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Moreover, the Series A round includes additional backing from Chrysalix Venture Capital, Sprout Fund, Fonds Ecofuel, Phoenix Fire, and Developer Capital. With this support, Rithmik plans to accelerate its scale-up efforts, enhance customer support for its expanding global clientele, and broaden its analytics product suite. These advancements aim to help mining organizations significantly improve fleet productivity, equipment reliability, and operational sustainability.
A Partnership Focused on Innovation and Customer Impact
In discussing the expanded partnership, Rithmik’s CEO Ross Barichievy emphasized the shared vision driving both companies forward. “We’re honoured to collaborate with Hitachi Construction Machinery, a company that shares our dedication to innovation, operational excellence, and collaboration,” said Barichievy. He explained that combining Hitachi Construction Machinery’s global footprint with Rithmik’s deep expertise in mining analytics will enable them to deliver unmatched levels of performance, reliability, and sustainability to mining customers worldwide.
Echoing this commitment, Eiji Fukunishi, Vice President and Executive Officer, President of the Mining Business Unit at Hitachi Construction Machinery, noted the strategic importance of the investment. “This investment marks an important step towards Hitachi Construction Machinery’s goal of building open digital platforms with various partners. Combining Rithmik’s advanced, AI-powered data analysis technology with Hitachi Construction Machinery’s insight will help us provide more flexible solutions to our customers as well as contribute to increased productivity and reduced environmental impact at mining sites.”
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Advancing the Future of Smart, Sustainable Mining
Rithmik’s AI-driven technology continues to reshape how mining companies manage Operations and Maintenance. Instead of simply predicting failures, Rithmik delivers clear, actionable insights that enhance fleet performance, prevent equipment breakdowns earlier, and improve production efficiency. With this new investment, the company will further accelerate global expansion, product innovation, and integration within broader digital mining ecosystems.
Looking ahead, Barichievy reiterated Rithmik’s commitment to helping the mining sector adapt to modern challenges. “This partnership strengthens our ability to support miners who are navigating rising production pressures, decarbonization commitments, and increasingly complex operational environments,” he added. “By working with partners like Hitachi Construction Machinery, we can help the industry transition toward more sustainable, data-driven operations.”
Through this strengthened partnership, both companies are poised to play a leading role in shaping an open, intelligent, and sustainable future for the global mining industry.
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