Algorhythm Raises $9.5M, Hits $12M ARR with 71% Quarterly Growth
RIME•Algorhythm’s SemiCab platform secured new contracts with Coca Cola India and Onida Electronics and expanded deals with Apollo Tyres, Unilever India and Proctor & Gamble India, while launching SemiCab Apex penetration in the U.S. after hiring Jonathan Miller as VP of Sales. Financially, the company raised $9.5 million in February and achieved a $12 million ARR in March, up over 20% from December 2025, with Q1 revenue growth of 71% sequentially and 1,800% year-over-year.
1. India Platform Growth
During the first half of 2026, SemiCab onboarded Coca Cola India and Onida Electronics and expanded existing contracts with Apollo Tyres, Unilever India and Proctor & Gamble India to optimize domestic freight across key transportation lanes.
2. U.S. Apex SaaS Progress
In March, Algorhythm hired logistics technology veteran Jonathan Miller as VP of Sales to accelerate market penetration of its SemiCab Apex SaaS platform in the U.S., targeting large shippers and carriers.
3. Funding and Revenue Surge
The company bolstered its balance sheet with a $9.5 million capital infusion in February and reported a $12 million ARR in March, marking a 20% increase since December 2025, with Q1 revenue up 71% sequentially and 1,800% year-over-year.
4. Strategic Engagement and Outlook
Algorhythm launched the Freight Network Forum series, sponsored major supply chain events and contributed to industry publications, as management focuses on converting its U.S. pipeline and scaling global operations for long-term growth.
