Business · Updated 16 Oct, 03:57 pm IST
Enterprise AI startup RapidCanvas raises $29M Series B led by Vertex Ventures
Why it matters for readers: It explains how an AI startup uses funding to expand teams and improve platform tools so businesses can deploy AI applications.
- RapidCanvas raised $29 million in a Series B round led by Vertex Ventures SEA & India.2
- New investor Hitachi Ventures joined the round alongside existing investors Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.2
- The startup plans to expand go-to-market and field AI engineering teams across India, the US and Brazil and invest in its three product areas: Enterprise Context Engine, Visual Development Canvas and Operational Harness.2
- RapidCanvas says its annual recurring revenue (ARR) has grown eightfold over the past six quarters and has onboarded more than 75 enterprises in 2026 across sectors such as manufacturing, financial services and retail.2
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16 Oct, 03:25 pm · YourStory
AI execution company RapidCanvas raises $29M in Series B
16 Oct, 03:57 pm · Inc42
Enterprise AI Startup RapidCanvas Nets $29 Mn To Expand GTM Teams