# RapidCanvas raises $29M to expand custom AI services

> The startup secured a Series B led by Vertex Ventures SEA & India, aiming to grow its AI platform for mid‑size enterprises.

Oossa · 2026-10-16 · https://oossa.com/en/rapidcanvas-raises-29m-to-expand-custom-ai-services

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.

## The facts

- Series B raised $29 million, led by Vertex Ventures SEA & India
- RapidCanvas has served over 75 clients and claims eight‑fold revenue growth in the last 18 months

## 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.

## Sources & references

1. [RapidCanvas raises $29M to develop custom AI applications for enterprises](https://siliconangle.com/2026/10/16/rapidcanvas-raises-29m-to-develop-custom-ai-applications-for-enterprises/) – SiliconANGLE, 2026-10-16

Last updated: 2026-10-16