RapidCanvas Announces $29M Series B to Move Enterprise AI From Pilots to Production
aiinsider ·
Austin-based RapidCanvas has secured $29 million in Series B funding to accelerate the transition of enterprise AI from experimental pilots to full production. The round was led by Vertex Ventures SEA & India, with participation from Hitachi Ventures and existing investors including Accel and Peak XV Partners. This investment brings the company's total funding to $52.5 million, following an eightfold growth in annual recurring revenue over the last six quarters. RapidCanvas differentiates itself by pairing its software platform with field AI engineers who customize applications for specific customer processes. Its suite includes the Enterprise Context Engine, Visual Development Canvas, and Operational Harness, which have facilitated 1.4 million AI-led decisions for over 75 enterprises in 2026 alone. Co-founder Rahul Pangam noted that while Fortune 100 companies have benefited most, reliable deployment remains a significant industry gap. The new capital will be used to expand go-to-market efforts, grow the engineering team across the U.S., Brazil, and India, and further develop its core products.
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