RapidCanvas, an AI-driven business transformation platform has raised $16 million in its Series A funding round led by Peak XV. The round also saw participation from Titanium Ventures and existing investors Accel and Valley Capital Partners.
This round brings RapidCanvas’s total funding to over $23.5 million since its inception in 2021. The funds will be used to expand its reach and innovative offerings.
“At RapidCanvas, we’re revolutionizing how businesses solve complex challenges by seamlessly integrating the power of generative AI with the expertise of domain specialists. Our context-aware AI agents automate critical tasks like data preparation, transformation, and modeling, allowing business users to create tailored AI solutions using simple natural language prompts. With our expert-in-the-loop approach, we ensure human oversight at key decision points, validating outcomes and delivering real-world impact. Moreover, our Reliable AI framework ensures all outputs are validated, secure and explainable. This customer-centric approach empowers businesses to achieve results in days or weeks, not months—at a fraction of the cost of traditional methods. This funding round will accelerate our mission to make trusted, efficient AI transformation accessible to more enterprises,” said Rahul Pangam, CEO and co-founder of RapidCanvas.
Harshjit Sethi, MD at Peak XV Partners, who led the Series A round, added, “There is a huge gap in data science expertise across organizations. It either makes them rely on external consultants or drop these projects altogether. RapidCanvas’ innovative approach of combining AI agents with subject matter experts helps organizations fill this gap and drive results in a scalable and efficient manner. RapidCanvas has seen a strong pull from the initial base of customers who are consistently adding new use cases, demonstrating the value it is delivering.”
Founded in 2021 by Rahul Pangam and Uttam Phalnikar, RapidCanvas is an AI platform that combines the precision and automation of AI agents with the deep domain knowledge of human experts to deliver reliable and measurable business outcomes.
RapidCanvas directly links software costs to business outcomes. Its AI agents autonomously handle complex tasks, reducing the need for technical talent and delivering faster, more scalable results.
With RapidCanvas, enterprises create custom, high-performance, production-grade AI solutions 10X faster at 80% lower cost compared to traditional custom solutions.
