RapidCanvas, an Austin, TX-based AI platform built for business, raised $7.5M in Seed funding.
The round was led by Accel with participation from Valley Capital Partners.
The company intends to use the funds to expand operations and its business reach, as well as its development efforts.
Led by CEO Rahul Pangam, RapidCanvas is an AI platform for business users. With it, organizations can develop AI solutions without the need for specialized data science knowledge or coding expertise, or investments in professional services.
The company has emerged from stealth mode with early adopter business leaders having already validated the platform by driving real business outcomes. These leaders were able to accelerate their AI transformation by prototyping AI solutions in days and deploying the solutions in production environments within a month, all without writing a single line of code.
Leveraging AutoAI technology, the company navigates users through an automated journey from raw data to explainable and actionable predictions. RapidCanvas works with industry leaders in manufacturing, direct-to-consumer, real estate, and financial services.
FinSMEs
13/03/2024