Rithmm is a technology company.
Rithmm has raised $2.0M across 1 funding round.
Rithmm has raised $2.0M in total across 1 funding round.
Rithmm is an AI-powered sports betting platform that delivers personalized predictive analytics, enabling users to build custom models, access top picks, and make data-driven betting decisions.[1][2][4][5] It serves sports bettors by simplifying complex data into actionable insights, combining user instincts with advanced algorithms for sports like NFL, NBA, WNBA, and college basketball, with plans for expansion.[1][3][5] The platform solves the problem of inaccessible professional-grade predictive tools by automating data analysis, feature engineering, and predictions, acting as an "analytics team" for everyday users.[3][4] Founded in 2022, Rithmm raised $2 million in seed funding and launched its NFL product, showing strong early momentum through beta testing and app availability on Apple and Google Play.[1][3]
Rithmm was founded in 2022 (with some sources noting 2021) in Chestnut Hill, Massachusetts, by a team of MIT grads, former athletes, ex-military personnel, data scientists, and engineers.[1][3][5][7] CEO Megan Lanham leads the company, with co-founders including a PhD in engineering focused on probabilistic analysis and CTO Kelsey Allan, who handles operations and marketing; both bring a "curiosity and thirst for excellence" shaped by their athletic and military backgrounds.[3] The idea emerged from recognizing that retail bettors lack access to pro-level quants and machine learning models, prompting the team to hide complex math behind a simple, personalized interface.[3][4] Early traction included beta testing that refined the platform, a $2 million seed round, and the official launch of Core/Premium offerings with NFL coverage in summer 2023.[1][3]
Rithmm rides the explosion of legalized sports betting in the US, post-2018 PASPA repeal, now a $10B+ market fueled by mobile apps and data proliferation.[3] Timing aligns with AI advancements in predictive analytics, democratizing tools once exclusive to sportsbooks and pros amid rising retail participation via apps like FanDuel and DraftKings.[1][2][5] Market forces favoring Rithmm include surging demand for personalized, edge-giving tech—beyond basic odds—to counter house advantages, plus partnerships potential ("powered by Rithmm").[3] It influences the ecosystem by empowering users as "smartest bettors," fostering sustainable growth through tech infrastructure, user retention, and content, while challenging incumbents with superior UX and model transparency.[2][3][4]
Rithmm is poised to capture share in AI sports betting by expanding sports coverage, refining models via user data, and scaling through partnerships and marketing.[1][3] Trends like real-time AI, player props boom, and global betting legalization will propel it, especially with mobile-first bettors seeking validated edges. Influence may evolve via B2B analytics licensing or deeper fantasy integration, solidifying its role as the go-to for instinct-plus-algorithm betting—transforming casual users into pros, just as its founders envisioned.[3][5]
Rithmm has raised $2.0M in total across 1 funding round.
Rithmm's investors include Boston Seed Capital, Founder Collective, General Catalyst.
Rithmm has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in June 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2023 | $2.0M Seed | Boston Seed Capital, Founder Collective, General Catalyst |