Rhino Health today announced a $6.7 million extension to its seed series financing round, bringing the total capital raised to-date to $11.7M. Fusion Fund and LionBird Ventures co-led the round, which was also joined by Qiming Venture Partners, Maccabi Health Services, and Arkin Holdings. LionBird and Arkin’s investments are follow-ons from their earlier investments in the company. Rhino Health will use this funding to further the mission of unlocking data collaborations in healthcare.
The Rhino Health Platform is an end-to-end distributed computation platform, with Federated Learning capabilities, enabling healthcare innovators to collaborate across institutions in a secure manner without moving data. With its unique privacy-preserving capabilities, the Rhino Health Platform solves the challenges of scaling data collaborations to multiple institutions and provides the foundations for real-time, rapidly refreshing Artificial Intelligence in healthcare. Read more.
