When Rahul Pangam started his career at Google, he encountered a persistent challenge that has defined his entrepreneurial journey: enabling business experts to leverage AI without requiring technical expertise. While leading analyst teams tasked with using AI platforms, Pangam recognized the gap between technical skills and business acumen. "I was working at Google, and I was asked to support the growing number of fraud experts it was hiring because they didn’t know how to code,” he said. “I had to find a way for them to put their expertise to work without having to train as software engineers.”
This realization eventually led him to co-found RapidCanvas in 2021 alongside Uttam Phalnikar, a former colleague and collaborator on Simility, a machine-learning risk management platform acquired by PayPal.
Now, with the emergence of large language models (LLMs) and generative AI, the co-founders are addressing this gap in an even more powerful way. RapidCanvas has secured $16 million in funding, led by Peak XV Partners, with participation from Titanium Ventures, Accel, and Valley Capital Partners. The new capital brings RapidCanvas’s total funding to $59.5 million, including a $7.5 million round in March 2023.
