Peak XV led a $16m Series A round in RapidCanvas.

Peak XV, a venture capital firm, led a $16m Series A round in RapidCanvas, a technology company that focused on transforming businesses with AI, combining autonomous agents with human expertise, with participation from Titanium Ventures, Accel and Valley Capital Partners. “There is a huge gap in data science expertise across organizations. It either makes them rely on external consultants or drop these projects altogether. RapidCanvas’ innovative approach of combining AI agents with subject matter experts helps organizations fill this gap and drive results in a scalable and efficient manner. RapidCanvas has seen a strong pull from the initial base of customers who are consistently adding new use cases, demonstrating the value it is delivering,” Harshjit Sethi, Peak XV Managing Director.