Sports betting platform Rithmm raises $2M

Finance News

Rithmm, a Boston, MA-based AI-driven sports betting technology startup, raised $2M 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 intends to use the funds to: accelerate its expansion and launch its NFL product, further enhance the platform’s capabilities, enhance talent acquisition, and marketing efforts.

Led by CEO Megan Lanham, Rithmm leverages AI algorithms and machine learning to provide users with personalized recommendations, predictive analysis, and a platform for making informed betting decisions. The platform enables users to build customized analytical models backed by AI, tailoring betting strategies to their own instincts and preferences. The custom models then provide a comprehensive analysis for every game, including recommended picks, predicted outcomes, win probabilities, and expected values. 

Rithmm is launching an NFL product to complement the its products in the NBA, WNBA, NCAA Basketball, and NCAA Football.