RapidCanvas Inc. announced a $29 million Series B funding round on 2026‑10‑16. Vertex Ventures SEA & India led the round, with participation from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures. The money will be used to enlarge the go‑to‑market and AI engineering teams. RapidCanvas builds custom AI applications for companies with $100 million‑$1 billion in annual revenue, using its Enterprise AI Platform that it says automates about 60 % of the development work.
Why it matters
Mid‑size firms can now tap a funded provider that promises faster, lower‑cost AI deployments, potentially shortening the gap between AI pilots and production use.
