Rhinovate Raises Several Hundred Million Yuan In Pre-A Round

AI materials R&D company Rhinovate has completed a Pre-A financing round worth several hundred million yuan, according to ETNet. The round was led by Dingshui Capital, with participation from 9Hexagon Capital, BFC Capital, Loongson Venture Capital, Shunxi Fund and Zhongguancun Capital. The proceeds will be used to develop RhinoMat, a foundation model for materials science and underlying technologies, build AI agents and an autonomous evolution laboratory system for multiple scenarios, and support validation of carbon-based high-performance materials. Rhinovate had previously received investment from Kunzhong Capital, YS Capital, Shanghai Future Industry Fund and XtalPi, and said this was its third financing round within a year. The company was founded in 2025 and was incubated with research support from Peking University.