University of Illinois at Urbana Champaign has secured investment in a seed round.
Rithmio, a spin-out of the University of Illinois at Urbana Champaign, has secured $650,000 in a seed funding round. The round included Illinois Ventures, an early stage investment fund of the University of Illinois system, and was led by Marcin Kleczynski, chief executive of Malwarebytes.
The round further included Techra Investments, Hyde Park Venture Partners, Serra Ventures, BonaVentura, Fox Ventures and unnamed business angels.
Rithmio is commercialising research by Adam Tilton and Prashant Mehta, and is hoping to have third…
