Rhino Federated Computing, a leader in federated AI collaboration, announced the close of a $15 million Series A funding round led by AlleyCorp. Founded in 2020 by AI veterans Dr. Ittai Dayan and Yuval Baror, Rhino’s platform enables enterprises to collaborate on AI initiatives without centralizing sensitive data, ensuring data privacy, ownership, and regulatory compliance.
Funding and Investors
- Raised $15 million in an oversubscribed Series A round
- Led by AlleyCorp with participation from existing investors LionBird, Fusion Fund, Arkin Digital Health, Qiming Venture Partners USA, Telus Global Ventures, and Keren Maccabi
- New investors include Wilson’s Bird Capital, Frank Sica, and Gaingels
- Total funding exceeds $30 million to date
Core Capabilities and Use Cases
- Federated GenAI for Biopharmaceutical R&D
- Powers the FAITE Biopharma Consortium for Biologics Engineering
- Enables collaborative AI-driven research without data sharing risks
- Healthcare Data Harmonization & Federated Collaboration
- Supports Sheba Medical Center’s data interoperability and secure access
- Facilitates multi-organization healthcare data collaboration
- Financial Fraud and Crime Prevention
- Assists institutions like Google and Swift in combating fraud
- Enhances secure, federated data sharing to detect financial crimes
Strategic Vision and Market Impact
- Focused on regulated industries where data privacy and compliance are paramount
- Allows organizations to unlock collective data value securely, without data centralization
- Positioned as a foundational platform for federated AI in sensitive sectors like healthcare and finance
Quotes
- Dr. Ittai Dayan, CEO and co-founder: “Federated AI is the future of innovation in regulated industries. This investment accelerates our mission to enable secure, interconnected data networks.”
- Dr. Alexi Nazem, General Partner at AlleyCorp: “Rhino’s platform addresses the difficult challenge of activating private, sensitive data through secure collaboration in AI.”
With fresh capital, Rhino Federated Computing will scale its enterprise-grade federated AI solutions across more customers and industries, continuing to lead innovation in secure AI collaboration that respects data ownership and compliance.
