Rhino Federated Computing, a Boston based startup, has successfully secured $15 million in a Series A funding round led by AlleyCorp, pushing its total funding beyond $30 million.
Federated AI Startup Rhino Nets $15M Series A Funding
Founded in 2020, Rhino specializes in federated AI technology that allows organizations in highly regulated industries such as healthcare, biopharma, and finance to collaborate on AI initiatives without exposing sensitive data.
Their platform has already powered key projects, including generative AI applications in biologics and partnerships with major hospitals and tech firms to improve data security and fraud detection.
This new investment will help Rhino accelerate growth and enable more companies to harness decentralized AI while maintaining strict privacy and regulatory compliance.
Dr. Ittai Dayan, Rhino’s CEO and co founder, said, “Federated AI is transforming how regulated industries innovate by enabling secure data collaboration. This funding will help us expand our technology and build the next generation of AI infrastructure that puts privacy and compliance first.”
