Rapid Acceleration Partners (RAP), an AI-first hyperautomation platform company announced the securing of a Pre-Series A funding from Artha99 AIF Investment advisors.
With its low-code hyperautomation platforms RAPFlow and RAPBot, RAP aims to help companies solve the challenge of unstructured content and improve productivity and efficiency using an AI first approach.
Speaking of the development, Raghuraman Ramamurthy, CEO of RAP said “We are delighted that Artha99 chose to invest in us, and I welcome them to the RAP family. We look forward to working closely with Artha99 over the coming years as we build RAP into a formidable player in the hyperautomation space. The fresh round of funding is further reinforcement of the potential of AI to disrupt the automation space and the value that RAP has delivered to its customers
Mr. Vignesh Shankar, Managing Partner, Artha99 is excited about becoming a part of RAP on its growth journey and said “They have a robust technology team with strong product knowledge”, and adds that, “considering the current industry-wide focus on driving efficiencies and cost optimization, the investment in RAP is a timely one for the fund.” The competition to reduce cycle times and offer better customer experience has led to an increase in the demand for hyper-automation solutions worldwide. The global market for hyperautomation is currently valued at USD 549.3 million and this figure is predicted to skyrocket over the next 8 years as it's expected to reach a staggering USD 2,133.9 million by 2029 - representing a strong CAGR of 22.79%.
Rapid Acceleration Partners helps enterprises unlock their full potential through hyperautomation solutions. RAP is on a mission is to democratize AI and intelligent process automation for companies of all sizes. To achieve this goal, RAP has developed two powerful Low-Code/No-Code platforms - RAPFlow and RAPBot. RAPFlow is a AI pipeline building and orchestration platform, while RAPBot is an intelligent RPA platform.
RAP has successfully implemented its solutions in the hospitality, shared services, mortgage and financial institutions, automotive, manufacturing, and insurance industries.
About Artha99 AIF investment advisors
Artha99 AIF investment advisors is an India focussed SEBI registered CAT 1 venture capital fund. This fund is focused on identifying, investing and catalysing businesses for the Indian growth century.
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