RapidCanvas has raised $29 million in Series B funding to expand its enterprise AI platform and help more businesses deploy custom AI applications in production. The round was led by Vertex Ventures SEA & India, with participation from Hitachi Ventures and existing investors Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures. The funding brings the company’s total capital raised to $52.5 million.RapidCanvas combines an AI platform with field AI engineers who understand customers’ business processes, develop tailored applications, and remain accountable for their performance after deployment. Its platform includes the Enterprise Context Engine, which captures business processes and organizational knowledge.
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“AI can be the great equalizer, but so far its biggest wins have gone to the Fortune 100. We want to give every enterprise the same opportunity,” said Rahul Pangam, co-founder and CEO of RapidCanvas. “Vibe coding has made it easy to start building with AI. Getting AI into production reliably and safely still remains the biggest gap. Our growth over the past six quarters is evidence that AI in enterprises is moving beyond pilots into production and real operations.”RapidCanvas will use the funding to expand its go-to-market operations, strengthen partnerships with private equity and advisory firms, and grow its AI engineering teams across the United States, Brazil, and India. It also plans to invest in platform development and governance capabilities.