Rhino Federated Computing

Rhino Federated Computing

Federated AI platform for secure healthcare

About Rhino Federated Computing

Simplify's Rating
Why Rhino Federated Computing is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$51.8M

Headquarters

Boston, Massachusetts

Founded

2020

Overview

Rhino Health offers a federated computing platform for secure AI collaboration in healthcare and life sciences without moving patient data. The platform uses federated learning and edge computing to bring code to data, enabling hospitals, pharma, and research centers to train models across distributed datasets while preserving privacy and complying with HIPAA and GDPR. It covers the full AI lifecycle—data discovery, harmonization, model training, validation, and monitoring—accessible via a web interface or SDK, with Harmonization Copilot automating mapping of diverse data to a common model. By building a large network of clients and partnerships (Google Cloud, Nvidia), Rhino Health aims to accelerate accurate, equitable AI for drug discovery, disease prediction, and diagnostics in areas like oncology and radiology.

Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Expanding into financial services via Google and Swift partnership for fraud prevention.
  • Powering FAITE Biopharma Consortium for federated GenAI models in high-value biologics engineering.
  • Series A momentum: $15M oversubscribed round (May 2025) signals strong enterprise demand for privacy-preserving AI.

What critics are saying

  • Open-source federated frameworks commoditize core differentiation; enterprises build in-house solutions instead.
  • Cloud hyperscalers integrate native federated learning, bundling Rhino's paid capabilities into core offerings.
  • Customer concentration: loss of flagship accounts (FAITE, Sheba, Google) creates material revenue cliff.

What makes Rhino Federated Computing unique

  • End-to-end federated AI platform with automated data harmonization via generative AI copilot.
  • Enterprise-grade security: ISO 27001, SOC 2 Type II, HIPAA, GDPR compliant with role-based access control.
  • Proven traction: trusted by 50+ hospitals, pharma companies, public sector organizations globally.

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Funding

Total Funding

$51.8M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15M
Rhino Federated Computing
$30M
Kalshi

Benefits

Hybrid Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

40%

1 year growth

40%

2 year growth

35%
GlobeNewswire
May 22nd, 2025
Rhino Federated Computing Raises $15M Series A to Scale Federated AI Across Regulated Industries

Rhino Federated Computing raises $15M Series A to expand its enterprise-grade federated AI platform for healthcare, life sciences, and financial services....

PYMNTS
Dec 10th, 2024
Google Cloud And Swift Partner On Privacy-Preserving Ai Model Training

Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial intelligence (AI) model training without compromising privacy and confidentiality, Google Cloud said in a Tuesday (Dec. 10) blog post. Swift plans to roll out a sandbox with synthetic data in the first half of 2025, working with Google Cloud and 12 global financial institutions, according to the post

PR Newswire
Oct 31st, 2024
TELUS invests in Homethrive for eldercare

TELUS Global Ventures has invested in Homethrive and Rhino Health to enhance elderly support management and healthcare data analysis. These investments aim to create a more efficient, patient-centric care ecosystem. Homethrive, based in Illinois, combines human expertise with digital solutions for caregiving, while Boston-based Rhino Health focuses on healthcare AI. This brings TELUS Global Ventures' portfolio to over 150 companies, supporting transformative care solutions.

Securities and Exchange Commission
Oct 7th, 2023
SEC FORM D/A

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Securities and Exchange Commission
Sep 13th, 2023
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

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