AI-driven startup Rhythms raises $26m, backed by industry giants
Rhythms, an AI-powered enterprise productivity startup, has made a significant leap in the tech world with its recent announcement of securing $26 million in seed funding. This notable funding round was co-led by Greenoaks and Madrona, with participation from Accel, Cercano (formerly Vulcan), and Founders’ Co-op.
Notably, all these investors were also involved in industry veteran and serial entrepreneur Vetri Vellore’s previous venture, Ally.io, which Microsoft acquired in 2021.
Rhythms is pioneering a first-of-its-kind AI-powered Operating System aimed at transforming the future of work. This system is designed to enable organizations to achieve unparalleled performance and productivity. Rhythms’ AI model identifies the working patterns of high-performing teams, and its intelligent agent will allow workforce segments to personalize and adopt these “rhythms” from top-performing teams within their organization or globally.
The system, which integrates seamlessly with existing tools and workflows, promises to make it easier for teams to adopt and achieve higher productivity in every aspect of their work. This approach addresses the need for efficiency, especially in the context of the rise of AI technology and the popularity of hybrid workplaces.
Vetri Vellore, a third-time entrepreneur and former Corporate Vice President at Microsoft, expressed excitement about launching Rhythms. He emphasized that the company’s solution would help enterprises understand, streamline, improve, and orchestrate their productivity rhythms, enabling teams to achieve best-in-class performance and higher work satisfaction.
Investors have shown great confidence in Rhythms, with Neil Shah of Greenoaks and S. Somasegar of Madrona highlighting Vellore’s track record and the transformative potential of AI in enhancing workplace productivity and efficiency.
With the rise of hybrid work and the imperative to accomplish more with less, Rhythms is positioned to play a pivotal role in shaping the future of productivity. Its AI-powered operating system will transform how teams work, simplifying everyday workflows and enabling organizations of all types to reach new performance frontiers.
This funding will allow Rhythms to expand its teams in the U.S. and India, accelerate product development, and bring its innovative operating system to the market. The company plans to launch a product preview to select customers in early 2024 and make its solution broadly available later that year.