Peak XV
Assembly Line
RapidCanvas gets $16M as it successfully puts AI agents to work, addressing tech talent shortage
As AI adoption accelerates, a critical shortage of technical talent threatens to bottleneck progress for many companies. RapidCanvas is breaking this barrier by democratizing AI-driven business transformation. Today, the company announced a $16M funding round for its AI agents that automate up to 75% of complex tasks traditionally performed by data scientists and engineers. These agents, powered by Large Language Models (LLMs), can process vast amounts of information, identify patterns, and make decisions, effectively replicating many human skills.
The Series A funding round was led by Peak XV, with additional participation from Titanium Ventures and existing investors Accel and Valley Capital Partners. This brings RapidCanvas’s total funding to over $23.5M since its inception in 2021.