Data science startup RapidCanvas Inc. has raised $16 million in a funding round led by Peak XV, bringing its total raised since launch to over $23.5 million.
RapidCanvas offers a software platform that automates data science tasks using AI agents, capable of automating up to 75% of the tasks involved in data science projects.
The platform provides integrations with over 500 sources for collecting data and offers a drag-and-drop interface for data preparation and feature engineering.
RapidCanvas also supports data visualization, benchmarking, and administrative tools for easier management of the software.