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AI platform RapidCanvas announced that it has raised $7.5 million in seed funding led by Accel, with participation from Valley Capital Partners.
The startup will use the funding to accelerate both customer acquisition by going to market and expanding its commercial team, and customer retention by investing in research and development and building customer success capabilities. This helps ensure long-term growth by acquiring new customers and driving AI success for existing customers.
Rahul Pangam, CEO and Co-Founder of RapidCanvas, said, “RapidCanvas helps businesses improve their business with a guided, expert-validated, and automated approach that delivers transparent, explainable, and verifiable results. Enabling experts to go from ideas to AI results. Our goal is to help understand the application of AI to everyday business problems for those brave enough to lead revolutionary AI transformations. I will explain it easily.”
Founded in 2021 by Rahul Pangam and Uttam Phalnikar, RapidCanvas is an end-to-end software platform designed to automate and guide business leaders and domain experts through prototyping, creating, evolving, and explaining their own AI solutions. Provides an end platform. This will enable market leaders in finance, real estate, manufacturing, and direct-to-consumer to take full advantage of artificial intelligence.
According to the startup, RapidCanvas is designed on a secure and scalable cloud architecture, is SOC2 compliant, and easily connects with over 300 databases, apps, and libraries.
It claims to serve around 20-30 clients, including major partners such as Google, Amazon Web Services (AWS), Azure, and Snowflake.
“The potential of AI is becoming increasingly clear for businesses around the world, but their ability to incorporate AI solutions into their operations is limited by time, talent and funding,” said Accel Partner Dinesh Katiyar. RapidCanvas has created a unique solution.” We provide business users with CoPilot to quickly and economically build AI solutions tailored to their needs. ”
