What is RtTech Software?
RtTech Software is a specialized technology firm focused on the development of RtDUET, a comprehensive application engineered for the precise tracking of downtime events and the accounting of production losses. The software's capabilities include automated downtime tracking, real-time equipment monitoring, and detailed delay accounting, making it particularly valuable for the mining, mineral, and metal processing industries. By delivering critical operational metrics and analytics, RtTech Software empowers its clients to make data-driven decisions, thereby enhancing operational efficiency and improving asset utilization. The company's solutions are designed for industrial environments striving to optimize performance and gain deeper insights into their operations.
How much funding has RtTech Software raised?
RtTech Software has raised a total of $3M across 1 funding round:
Series A
$3M
Series A (2015): $3M with participation from McRock Capital and New Brunswick Innovation Foundation
Key Investors in RtTech Software
McRock Capital
McRock Capital is a venture capital firm established in 2012, focusing exclusively on investments in the Digital Industrial sector, particularly in industrial software and artificial intelligence. The firm is recognized for its commitment to the Industrial Internet of Things and aims to accelerate the adoption of AI-powered solutions in the industrial space.
New Brunswick Innovation Foundation
The New Brunswick Innovation Foundation (NBIF) is dedicated to supporting and empowering entrepreneurs in New Brunswick by investing in early-stage startups and partnering with other investors to build venture capital. They focus on innovative technologies, particularly those addressing climate change, through their Climate Impact Fund and Innovation Voucher Fund.
What's next for RtTech Software?
The recent major strategic investment signals a pivotal growth phase for RtTech Software, likely enabling the company to scale its operations, expand its market reach, and further develop its RtDUET platform. This enterprise-level backing suggests confidence from investors in RtTech's ability to capture a larger share of the industrial efficiency software market. Future strategic initiatives may involve deeper integration with existing industrial control systems, enhanced AI-driven analytics for predictive maintenance, and expansion into new industrial verticals beyond its current focus.
See full RtTech Software company page
