VC Fund Investments
No-code AutoAI platform RapidCanvas attracts $7.5 M led by Accel
Hyderabad- and Austin, Texas (USA)-based No-code AutoAI platform RapidCanvas has attracted USD 7.5 million in seed funding led by Accel Partners, with participation from Valley Capital Partners. The end-to-end platform is built to automate and assist business leaders in prototyping, creating, and explaining AI solutions.The funds will be used to drive both customer acquisition through go-to-market and commercial team expansion and customer retention through R&D investments.Founded by Rahul Pangam and Uttam Phalnikar, RapidCanvas helps business users develop AI solutions without requiring specialised data science knowledge, coding expertise, or investments in professional services. Built on cloud infrastructure, the platform follows SOC2 - a voluntary compliance standard for service organisations - to manage customer data and integrates with over 300 databases, applications, and libraries.
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