A $7.5 million seed investment was raised by Austin, Texas-based RapidCanvas, an AI platform designed for business.
Accel led the round, and Valley Capital Partners also participated.
The company plans to use the money to further its development initiatives, as well as to grow operations and its market reach.
This is an AI platform for business users, with CEO Rahul Pangam at the helm. With it, businesses can create AI solutions without having to pay for expert services or acquire specific data science or coding knowledge.
After achieving tangible business results, early adopter business leaders verified the platform, allowing the company to come out of stealth mode.
Without writing a single line of code, these leaders were able to accelerate their AI transformation by developing AI solutions in a matter of days and implementing them in real-world settings in a matter of months.
The company guides users through an automated journey from raw data to explainable and actionable predictions by utilizing AutoAI technology.
Leading companies in the manufacturing, direct-to-consumer, real estate, and financial services sectors collaborate with RapidCanvas.
Concerning RapidCanvas
The AI platform for business users is called RapidCanvas. Businesses can create production-ready, high-performing AI solutions 10 times faster with RapidCanvas because it eliminates the need for costly professional services or specialized coding or data science knowledge. RapidCanvas uses state-of-the-art AutoAI technology to smoothly guide users through an automated journey from unprocessed data to understandable and useful predictions. Leaders in the manufacturing, direct-to-consumer, real estate, and financial services industries are enabled by RapidCanvas to fully utilize AI.
