Start-up Rithmio lands $3 million in funding


Built in Chicago (June 30) -- Rithmio, a gesture recognition platform founded at the University of Illinois at Urbana-Champaign in 2013, announced that it has secured a $3 million seed round. After founding the company with his advisor, MechSE Associate Professor Prashant Mehta, Rithmio CEO Adam Tilton won the 2014 Cozad New Ventures competition, which enabled the team to open offices in both Champaign and Chicago. Also: Chicago Tribune (Blue Sky, June 30), Crain's Chicago Business (June 30).