What does Rhino Federated Computing do?
Rhino Federated Computing is a platform that enables enterprises to collaborate on AI and data science initiatives without centralizing data. This federated approach protects data ownership, ensures compliance with regulations, and accelerates innovation.
How much did they raise?
The company secured $15M in Series A funding. The round was led by AlleyCorp with participation from LionBird, Fusion Fund, Arkin Digital Health, Qiming Venture Partners USA, Telus Global Ventures, Keren Maccabi, Wilson’s Bird Capital, Frank Sica, and Gaingels.
What are their plans for the money?
Rhino Federated Computing intends to use the funds to scale its capabilities across a broader customer base and regulated sectors. This expansion is expected to bring robust, enterprise-grade federated AI solutions to market, further empowering secure data collaboration.
What have they achieved so far?
Since its founding in 2020, the company has already achieved significant milestones, including powering major use cases and bringing its total funding to over $30M. The establishment of its R&D center in Tel Aviv further underscores its progress and commitment to innovation.
