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Rhino
Alexandria, US · Founded 2020 · 14 known investors
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Rhino builds a system of record for enterprise business logic, rules, and decisions that are typically scattered across legacy systems and processes. The platform helps organizations modernize by cataloging and governing decision logic, enabling faster and safer digital transformation.
Also known as Rhino FCP · Rhino Health
Founders & leadership
Rhino was founded in 2020 by Adam Branch.
Board
Investors · 14
How we know: LionBird's portfolio page · press coverage · research · rhinofcp.com · Not right? Tell us
How we know: Mitsui Global Investment's portfolio page · Not right? Tell us
How we know: press coverage · research · rhinofcp.com · Not right? Tell us
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How we know: press coverage · Not right? Tell us
How we know: press coverage · research · rhinofcp.com · Not right? Tell us
How we know: funding news · techcrunch.com · Not right? Tell us
How we know: funding news · latamlist.com · Not right? Tell us
Also in the syndicate · 6
Funding
SEC filings, press & company announcements$119.5M disclosed across 2 of 5 rounds · 2021–2025
- Undisclosed amountseed roundNov 2024Source ↗
- $95MraisedJan 2021 · 2 sources
Tiger Global (lead)
Source ↗
▶$24.5MraisedFeb 2025 · 3 investors · Other TechnologyRule 506(b)
- Harrison TouatiDirector
- Adam BranchExecutive Officer, Director, Promoter
- Jon GalitzerDirector
- Offering amount
- $124.5M
- Amount sold
- $24.5M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Rhino develops what it calls Federated Computing: an enterprise-grade computing layer that executes AI model training and analytics across distributed data environments so that source data never leaves the institution that holds it. The platform combines centralized orchestration with execution at the edge, plus aggregation of federated learning results and federated analytics, and is deployed as a multi-cloud, hybrid system designed to integrate with the IT ecosystems of regulated enterprises.
The company positions its technology for sectors where data cannot be centralized because of regulation, privacy concerns, cyber risk and operational constraints — principally healthcare, pharmaceuticals and financial services — and states it is extending into insurance and other regulated industries. Stated use cases include federated generative AI for drug development and protein design (cited in connection with the FAITE Biopharma Consortium), hospital data harmonization and cross-institution collaboration (cited with Sheba Medical Center), and shared fraud-detection models among financial institutions (cited in connection with Swift financial fraud prevention).
Founding story
Rhino was founded following the EXAM study, a multi-institutional effort published in Nature Medicine in September 2021 that demonstrated federated learning could train AI models across clinical institutions without moving the underlying data. The company's co-founder and CEO is Dr. Ittai Dayan. According to the company, that result prompted the broader thesis that if most data in regulated industries cannot be centralized, computation should instead be distributed to the data — the basis for its Federated Computing approach.
Business model
Rhino provides a software infrastructure layer to enterprises in regulated industries, deployed across customers' cloud and on-premise environments with centralized orchestration and edge execution; prospective customers are directed to request a demo.
Traction
Rhino states it has developed and validated its stack with the majority of Newsweek's top 20 digital hospitals, the majority of the top 10 global pharmaceutical companies, and large financial institutions, and reports named engagements including the FAITE Biopharma Consortium, Sheba Medical Center and Swift financial fraud prevention work. It reported 100+ active edge nodes as of May 2025.
Latest developments
In May 2025 Rhino announced a $15 million Series A led by AlleyCorp with participation from LionBird, Fusion Fund, Arkin Digital Health, Qiming Venture Partners USA, TELUS Global Ventures, Wilson's Bird Capital and Keren Maccabi, alongside the milestone of surpassing 100 active edge nodes.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
The company describes itself as the most well-funded and mature Federated Computing company in the world and as a category leader in federated AI infrastructure.
Rhino frames its differentiator as extending beyond federated learning to a general federated computing layer that keeps data in place while enabling AI and analytics across institutions, delivered as an enterprise-grade, multi-cloud system integrated into regulated enterprise IT.
Technology
The platform provides a federated computing layer with centralized orchestration, edge execution, and federated learning and analytics aggregation, operating as a multi-cloud and hybrid system supporting both same-cloud and multi-cloud federation. Development began in collaboration with NVIDIA, and the company reports deep integration into infrastructure underlying a large share of global cloud compute workloads. As of May 2025 the company reported more than 100 active edge nodes.
Go-to-market
Following its Series A, the company said it would accelerate go-to-market across regulated industries, expand its ecosystem of collaborators and stakeholders, broaden support for federated AI use cases, and continue investing in privacy-preserving, AI-native infrastructure.
Regulated enterprises that cannot centralize sensitive data, including hospitals and health systems, pharmaceutical and biopharma companies, financial institutions, and insurers.
Geography
The company reports edge nodes connecting data centers, virtual private clouds and secure environments around the world, with named collaborations including Sheba Medical Center.
History
Over roughly four years from its founding, Rhino built out its federated architecture, beginning in collaboration with NVIDIA and later expanding into a multi-cloud, hybrid platform. In May 2025 the company announced an oversubscribed $15 million Series A led by AlleyCorp, stating at the time that it had surpassed 100 active edge nodes across data centers, virtual private clouds and secure environments.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsOversubscribed $15 million Series A financing to accelerate go-to-market across regulated industries and expand federated AI use-case support.
$15M source ↗
The company states it began building its federated computing architecture in collaboration with NVIDIA before expanding into a multi-cloud, hybrid system.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Rhino Announces $95 Million New Capital Raiseprnewswire.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Rhino do?
- Rhino builds a federated computing platform that lets regulated organizations run AI and analytics without moving data.
- Who founded Rhino?
- Rhino was founded by Adam Branch in 2020.
- Who are Rhino's investors?
- Rhino's investors include Koch Disruptive Technologies, LionBird, Mitsui Global Investment, AlleyCorp, Gaingels, Qiming Venture Partners USA, Tiger Global Management, TMT Investments.
- How much funding has Rhino raised?
- Rhino has disclosed $119.5M raised across 2 of its 5 known rounds.
- Where is Rhino headquartered?
- Rhino is headquartered in Alexandria, US.