# RapidCanvas

> RapidCanvas is an Austin-based enterprise AI company that helps businesses move from concept to production-ready AI solutions in weeks rather than months. Founded in 2021 by veterans of Simility (acquired by PayPal), it pairs a proprietary agentic AI platform with human experts through what it calls the Hybrid Approach - AI agents automate data preparation, modeling and workflow execution while human specialists handle strategy and governance. The company targets non-technical business users across manufacturing, financial services, retail, energy and logistics, and has raised over $23.5M including a $16M Series A led by Peak XV Partners.

- **Founded:** 2021
- **Headquarters:** Austin, Texas, United States
- **Founders:** Rahul Pangam (Co-Founder & CEO), Uttam Phalnikar (Co-Founder), Kedar Samant (Co-Founder & CTO)
- **Team size:** ~79 employees
- **Products:** RapidCanvas AutoAI Platform, Context Engine, Hybrid Approach (Managed AI Execution), Solutions Catalog
- **Notable:** Raised over $23.5M total including a $16M Series A led by Peak XV Partners (Dec 2024)., Founding team previously built Simility, an AI fraud-management platform acquired by PayPal., Helped a Fortune 200 payment provider cut fraud analysis time by 96% and save $800K.

## Products & services

- **RapidCanvas AutoAI Platform** — A no-code/low-code agentic AI platform that lets business users design, connect, launch and govern enterprise AI solutions, automating data preparation, transformation and modeling.
- **Context Engine** — A proprietary engine that unifies an organization's data and maps its workflows so AI agents operate with business-specific context.
- **Hybrid Approach (Managed AI Execution)** — A delivery model pairing RapidCanvas experts with the platform - human-led, agent-executed - to co-build custom solutions to production.
- **Solutions Catalog** — Pre-built, industry-specific AI solutions spanning demand forecasting, fraud detection, invoice reconciliation, supply chain, document processing and more.

## Achievements

- Raised over $23.5M total including a $16M Series A led by Peak XV Partners (Dec 2024).
- Founding team previously built Simility, an AI fraud-management platform acquired by PayPal.
- Helped a Fortune 200 payment provider cut fraud analysis time by 96% and save $800K.
- Enabled an S&P 500 semiconductor manufacturer to boost output 20% and save over $1M.
- Cut a premium clothing manufacturer's factory scheduling from 9 hours to 9 minutes daily.
- Delivered 6X ROI and 50% faster engineering evaluations for Treetech.

## Latest updates

- **2024-12** — Raised $16M Series A led by Peak XV Partners to scale its agentic AI platform and address the tech talent shortage.
- **2024-03** — Exited stealth with $7.5M seed funding led by Accel to empower business users with its AutoAI platform.
- **2024-03** — Profiled by Forbes on putting AI to work for non-technical business users.

## Links

- Website: https://rapidcanvas.ai
- LinkedIn: http://www.linkedin.com/company/rapidcanvas
- Twitter/X: https://twitter.com/rapidcanvas
- YouTube: https://www.youtube.com/channel/UC6mvB14qQyitq-WEFkdM9sw

---

Profile page: https://yespress.io/rapidcanvas
Published by YesPress — https://yespress.io
Last updated: 2026-07-18