DLA Piper advises Rhino Federated Computing in US$15 million Series A financing round

DLA Piper advised Rhino Federated Computing (Rhino), a leading platform for federated AI collaboration, in closing its US$15 million Series A financing round. The oversubscribed round was led by AlleyCorp, with additional investment from existing investors.

The capital raised brings Rhino’s total funding to over US$30 million to date and will be used to scale federated AI across regulated industries.

“We were thrilled to advise Rhino on this important fundraising round, equipping the company with the capital necessary to enhance its offerings and expand its capabilities,” said Kerra Melvin, the DLA Piper partner who led the deal team.

In addition to Melvin (Seattle), the DLA Piper team included associates Stasha Loeza and Sarah Cooper (both in Seattle).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies in high-growth industries, including technology, healthcare, pharma & biotech, financial services, manufacturing, and communications. Over the last three years, DLA Piper has completed more than 1,800 financings globally totaling over US$50 billion.