Boston-based sports betting technology startup Rithmm secured $2 million in Seed funding. The round was led by Boston Seed Capital, Counterview Capital, Oyster Ventures, Correlation Ventures, Service Provider Capital, and Permit Ventures. The company plans to utilize the funds to accelerate expansion, launch its National Football League (NFL) product, enhance platform capabilities, and bolster talent acquisition and marketing efforts. Rithmm utilizes Artificial Intelligence (AI) algorithms and machine learning to offer personalized recommendations and predictive analysis for informed betting decisions. The platform allows users to create customized analytical models backed by AI, tailoring their betting strategies to their preferences. Rithmm is set to launch an NFL product alongside its existing offerings for the National Basketball Association (NBA), Women's National Basketball Association (WNBA), National Collegiate Athletic Association (NCAA) Basketball, and NCAA Football.
Summary: Boston-based startup Rithmm raised $2M in Seed funding to expand its AI-driven sports betting technology. The company leverages AI algorithms to provide personalized recommendations and predictive analysis. Rithmm enables users to create customized analytical models and is launching an NFL product alongside its existing offerings for the NBA, WNBA, NCAA Basketball, and NCAA Football.