Stories
RapidCanvas Secures $29 Million to Accelerate Business AI Solutions
C
CNBC TV18•16-10-2026, 19:58
RapidCanvas Secures $29 Million to Accelerate Business AI Solutions
- •RapidCanvas raised $29 million in a Series B funding round led by Vertex Ventures SEA & India, bringing its total capital raised to $52.5 million.
- •Participation in the funding round also came from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures.
- •The company plans to use the funds to expand sales, enhance go-to-market teams, and hire field AI engineers across India, the US, and Brazil.
- •RapidCanvas combines an AI platform with embedded engineers to help businesses build, deploy, and manage custom AI applications.
- •Over 75 enterprises across various sectors have utilized the platform to make 1.4 million AI-led decisions in 2026.
Key Questions Answered
RapidCanvas raised $29 million in a funding round led by Vertex Ventures SEA & India.
The company plans to use the fresh funds to expand its sales and go-to-market teams, strengthen partnerships, and hire field AI engineers across India, the US, and Brazil.
The platform consists of an Enterprise Context Engine to capture business context, a Visual Development Canvas for building AI applications, and an Operational Harness for managing and governing applications in use.
