RapidCanvas Raises $29 Million Series B to Scale Enterprise AI Execution
The funding backs expansion of field AI engineers and product work to help mid-market companies move AI projects from pilots into production.
Overview
- RapidCanvas closed a $29 million Series B led by Vertex Ventures SEA & India on Friday, October 16, 2026, with participation from Hitachi Ventures and existing backers including Accel and Peak XV Partners.
- The company will use the proceeds to expand go-to-market teams and hire field AI engineers across India, the United States and Brazil to speed deployment and customer onboarding.
- RapidCanvas plans targeted product investment in its three core components: the Enterprise Context Engine to capture business process context, the Visual Development Canvas skills library to speed build time, and the Operational Harness for production governance.
- The startup cites strong recent traction, reporting an 8x ARR increase over six quarters and saying more than 75 enterprises made about 1.4 million AI-led decisions on its platform in 2026; these figures are company-reported.
- RapidCanvas targets mid-market firms with AI budgets that struggle to move beyond pilots, and the funding could accelerate real-world AI use by pairing in-house engineers with its platform and by expanding partnerships that bring managed AI to portfolio companies.