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Stock impact report

Rithmik Solutions Secures $2 Million in Funding to Revolutionize Mobile Mining Equipment Management [Yahoo! Finance]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Yahoo! Finance
industry, is thrilled to announce the successful closure of a $2 million funding round. This investment was spearheaded by a syndicate of new and existing investors, demonstrating strong confidence in Rithmik's innovative approach to reducing greenhouse gas emissions, enhancing equipment uptime and improving operational efficiency. Rithmik's Asset Health Analyzer (AHA™) leverages advanced machine learning techniques to provide early warnings of equipment issues, optimize maintenance, and deliver insights into aspects of operations impacting asset performance. With the capability to rapidly and scalably tune its AI models to specific sites, Rithmik offers unparalleled accuracy in its predictions, leading to increased equipment availability, lower maintenance costs, and a significant reduction in fuel consumption and greenhouse gas emissions. "Rithmik's sophisticated analytical and decision support solutions are incredibly valuable to its clients. We are very excited to be part of t Show less Read more
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