AI Agents-led Platform 'RapidCanvas' secures $16 million in Series A
A $16 million funding round was led by Peak XV Partners for RapidCanvas, an artificial intelligence platform for business transformation.
Titanium Ventures, Accel, and Valley Capital Partners also participated in the round, bringing the company's total funding to $23.5 million since its founding in 2021.
The funding will allow the company to expand its reach and refine its innovative offerings, positioning it as a pioneer in AI-driven business transformation, according to a press release.
Businesses can achieve impactful results within weeks with our Reliable AI framework, which ensures all outputs are validated and explainable.
As AI adoption grows, the shortage of technical talent has become a significant obstacle for businesses. Up to 75% of tasks traditionally handled by data scientists and engineers can be automated with artificial intelligence agents from RapidCanvas. Enterprises can bypass conventional limitations and speed up AI deployment by using large language models to process vast amounts of data with remarkable efficiency.
RapidCanvas, a joint venture between Pangam and Uttam Phalnikar, was established by the duo. The startup came out of stealth mode after receiving $7.5 million in seed funding in March this year, led by Accel, with participation from Valley Capital Partners.
Across sectors like manufacturing, retail, real estate, and financial services, the company has partnered with major partners, including Amazon Web Services, Google, Azure, and Snowflake.
Harshjit Sethi, MD at Peak XV Partners, expressed his dismay at the decision to invest. It either forces them to rely on external consultants or drops these projects altogether. The innovative approach of combining artificial intelligence agents with subject matter experts helps organizations fill this gap and drive results.
Titanium Ventures, Accel, and Valley Capital Partners also participated in the round, bringing the company's total funding to $23.5 million since its founding in 2021.
The funding will allow the company to expand its reach and refine its innovative offerings, positioning it as a pioneer in AI-driven business transformation, according to a press release.
Businesses can achieve impactful results within weeks with our Reliable AI framework, which ensures all outputs are validated and explainable.
As AI adoption grows, the shortage of technical talent has become a significant obstacle for businesses. Up to 75% of tasks traditionally handled by data scientists and engineers can be automated with artificial intelligence agents from RapidCanvas. Enterprises can bypass conventional limitations and speed up AI deployment by using large language models to process vast amounts of data with remarkable efficiency.
RapidCanvas, a joint venture between Pangam and Uttam Phalnikar, was established by the duo. The startup came out of stealth mode after receiving $7.5 million in seed funding in March this year, led by Accel, with participation from Valley Capital Partners.
Across sectors like manufacturing, retail, real estate, and financial services, the company has partnered with major partners, including Amazon Web Services, Google, Azure, and Snowflake.
Harshjit Sethi, MD at Peak XV Partners, expressed his dismay at the decision to invest. It either forces them to rely on external consultants or drops these projects altogether. The innovative approach of combining artificial intelligence agents with subject matter experts helps organizations fill this gap and drive results.
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