Koch Disruptive Technologies, Koch’s venture capital group, is leading a $50 million Series A round in Rhino.ai, helping fuel the D.C. startup's mission to help organizations transform outdated systems into agile, scalable solutions.
Why it matters: Rhino.ai's end-to-end platform revolutionizes system modernization by combining AI with human expertise, reducing modernization timelines from years to months and enabling more seamless collaboration across business teams, developers and system integrators.
The big picture: The global market for legacy system transformation is projected to reach $583 billion by 2027, underscoring the urgency for organizations to replace cumbersome systems with flexible, future-ready infrastructures. Rhino.ai automates the discovery, transformation, and deployment of entire application portfolios.
Between the lines: "Rhino.ai's innovative approach to legacy system modernization aligns perfectly with the urgent need for digital transformation across industries," said Byron Knight, President of Koch Disruptive Technologies.
Integrating Rhino.ai's innovative platform with Koch’s vast network and experience creates mutual benefit for Koch as a customer and its partners. This collaboration will help organizations navigate the complexities of digital transformation with enhanced ease and precision.
"This partnership with Rhino.ai represents a continuing shift towards AI in our digital transformation efforts," said Matt Hoag, Koch CTO. "By addressing our technical debt more efficiently using AI agents, we have the opportunity to not just save time and money – but also free up our talented developers to focus on innovation."
What's next: The investment will support Rhino.ai's growth by expanding its engineering team, enhancing product offerings, and scaling operations to meet the surging demand for modernization solutions.
If you'd like to learn more or collaborate with Koch Disruptive Technologies, visit https://kochdisruptivetechnologies.com/.
