RapidCanvas offers AI agents powered by large language models that automate a majority of complex tasks traditionally performed by data scientists and engineers. The platform ingests and processes vast amounts of information—reading thousands of pages in seconds—to identify patterns, prepare data, transform inputs, and model outcomes. RapidCanvas uses a hybrid expert-in-the-loop approach and a Reliable AI framework to ensure outputs are validated, secure, and explainable. The company says its agents can handle up to 75% of complex tasks and roughly 70% of coding and software engineering functions, enabling teams to operate with one or two expert engineers where firms might otherwise need ten. That Service-as-Software model aims to deliver faster, more scalable results and shift engineers toward higher-value work. The founders, Rahul Pangam and Uttam Phalnikar, previously built Simility, which was acquired by PayPal and integrated into PayPal’s fraud detection operations, and have assembled a leadership team with multiple successful exits including five IPOs. RapidCanvas offers an end-to-end AutoAI platform with a conversational, guided interface that lets business users prototype and deploy AI solutions without writing code. The platform automates data-to-production workflows and emphasizes transparent, explainable, and verifiable outcomes to reduce model risk. RapidCanvas is SOC2 compliant, built on a scalable cloud infrastructure, and integrates with more than 300 databases, applications, and libraries. Early adopter customers, including a Fortune 200 company across manufacturing, DTC, real estate, and financial services, have validated the platform and reported measurable gains (for example, a cited 35% improvement in operational efficiency and a 50% reduction in manual adjustments). The company emerged from stealth with $7.5 million in seed funding to accelerate growth and broaden enterprise adoption. The founding team includes CEO Rahul Pangam and co-founder Uttam Phalnikar, who bring prior experience building analytics and ML platforms and an acquisition exit at PayPal.

Total raised

$24M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2024