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RapidCanvas has raised $16 million of Series A funding as it continues to scale its AI agent and subject matter expert hybrid solution to technology deployment.

RapidCanvas, a Texas-based startup, claims its context-aware AI agents can automate 70% of data tasks during custom AI deployment.

RapidCanvas, an Austin-based AI agent startup, raised a $16 million Series A, CEO Rahul Pangam tells Axios exclusively.

RapidCanvas’ namesake software platform promises to automate repetitive data science tasks using artificial intelligence agents.

Titanium Ventures and existing investors Accel and Valley Capital Partners also participated. The funds will be used for building its AI agents.

This new investment brings the company’s total funding to over $23.5 million since its launch in 2021, fueling a radical new approach to delivering scalable, outcome-driven AI solutions.

RapidCanvas’ SaaS model aids enterprises in implementing tailored AI solutions without technical talent by combining AI agents with expert guidance.

The new capital will fuel the expansion of its innovative offerings and global reach.

RapidCanvas estimates that 70% of the nearly $1 trillion in global salaries paid to software engineers and data scientists could be optimised with AI.

RapidCanvas, an AI platform for business transformation, has raised $16 million in a Series A funding round led by Peak XV Partners.

Led by Peak XV with participation from Titanium Ventures, Accel, and Valley Capital Partners, this funding round brings RapidCanvas’s total investment to over $23.5 million since its founding in 2021.

A growing shortage of technical talent is slowing the pace of AI adoption for many businesses, RapidCanvas is stepping in to address this challenge.

RapidCanvas, a company democratizing AI-driven business transformation, announced a $16 million funding round for its AI agents.

RapidCanvas, democratizing AI-driven business transformation, announced it has secured $16 million in a funding round for its AI agents, empowering the company to further support the automation of complex tasks traditionally performed by data scientists and engineers.

Texas-based RapidCanvas announces the successful completion of a $7.5 million funding round.

Rapidcanvas AutoAI Platform Gets $7.5 Million Seed Funding Round led by Accel | Startup Street | CNBC TV18

RapidCanvas' mission is to enable business leaders to develop and deploy AI solutions without requiring advanced degrees in computer science.

RapidCanvas is unveiling its AutoAI platform, enabling business users for the first time to build prototype artificial intelligence (AI) solutions in days.

RapidCanvas has raised the fresh funding in a round led by Accel, which has also backed the likes of Synthesia and Viso.ai.

With the raised funds, RapidCanvas aims to fuel both customer acquisition through go-to-market and commercial team expansion and customer retention through R&D investments.

The company has around 20 to 30 customers, including major partners such as Amazon Web Services (AWS), Google, Azure, and Snowflake.

The DPCR CorridorVision AI project uses the RapidCanvas AI platform to monitor road conditions and detect issues like cracks and potholes in real time, enabling faster maintenance and optimized resource allocation.

In his new role, Mayur will lead RapidCanvas’ go-to-market strategy, revenue initiatives, and customer success programs, ensuring that the company’s AI-powered platform remains at the forefront of business transformation.

The unique RapidCanvas service-as-a-software model helps enterprise companies implement tailored AI solutions without technical talent by combining cutting-edge AI agents with expert guidance.

This partnership allows Orion Governance and RapidCanvas to co-develop Wingman - a purpose- built generative AI assistant for Enterprise Information Intelligence.

RapidCanvas platform enables business users to build tailored AI solutions, accelerating time-to-value.