𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗔𝗜 𝗙𝗶𝗿𝗺 𝗥𝗮𝗽𝗶𝗱𝗖𝗮𝗻𝘃𝗮𝘀 𝗥𝗮𝗶𝘀𝗲𝘀 $𝟮𝟵 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 𝗟𝗲𝗱 𝗯𝘆 𝗩𝗲𝗿𝘁𝗲𝘅 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀 𝘁𝗼 𝗠𝗼𝘃𝗲 𝗔𝗜 𝗙𝗿𝗼𝗺 𝗣𝗶𝗹𝗼𝘁𝘀 𝘁𝗼 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 RapidCanvas, an enterprise AI company with most of its staff based in India, ha...

Vertex Ventures SEA & India led the Series B, with Hitachi Ventures joining. Total funding reaches $52.5 million after annual recurring revenue grew eightfold in six quarters.

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Austin startup RapidCanvas, which builds artificial intelligence (AI) tools and keeps engineers on to run them, has $29M led by Vertex Ventures and says its recurring revenue grew eightfold.

Software development startup RapidCanvas Inc. today announced that it has raised $29 million in funding. Vertex Ventures SEA & India led the Series B round with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures. The deal follows a $16 million investment in 2024. RapidCanvas develops custom artificial intelligence applications for companies with between $100 million and $1 billion in annual revenue.

Software development startup RapidCanvas Inc. today announced that it has raised $29 million in funding. Vertex Ventures SEA & India led the Series B round with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures. The deal follows a $16 million investment in 2024. RapidCanvas develops custom artificial intelligence applications for companies with between $100 million and $1 billion in annual revenue. Its engineers write software with the help of an automation toolkit called the RapidCanvas Enterprise AI Platform. According to the company, it automates about 60% of the work usually involved in building AI applications. The toolkit’s first component, the Enterprise Context Engine, collects business data from clients’ internal systems. It uses that information to improve the AI applications delivered by RapidCanvas. If an application receives a prompt that contains a company-specific term or business metric, the Enterprise Context Engine can clarify what it means. That makes the underlying AI models less likely to make mistakes. The tool also maps out how a company’s employees perform business tasks. AI applications can use that knowledge to identify the best way of automating repetitive work. If the Enterprise Context Engine has incomplete or inconsistent information about...

Chris Metinko / Axios: **Austin-based RapidCanvas, which uses agents to help businesses build custom AI tools, raised a ∼$29M Series B led by Vertex Ventures and Hitachi Ventures** — RapidCanvas, which uses agents to help businesses build and deploy custom AI applications, has raised nearly $29 million in Series B funding, CEO Rahul Pangam tells Axios Pro.

Chris Metinko / Axios: Austin-based RapidCanvas, which uses agents to help businesses build custom AI tools, raised a ∼$29M Series B led by Vertex Ventures and Hitachi Ventures  —  RapidCanvas, which uses agents to help businesses build and deploy custom AI applications, has raised nearly $29 million in Series B funding, CEO Rahul Pangam tells Axios Pro.

Latest AI funding rounds: 473 deals in the last 30 days (167 US, 183 China) with business, round, amount, valuation, lead and participating investors, and source links. Updated daily.

RapidCanvas captó **casi 29 millones de dólares en una serie B** liderada por Vertex Ventures y Hitachi Ventures, según informó su CEO, Rahul Pangam, a Axios Pro. La empresa desarrolla aplicaciones de inteligencia artificial a medida para negocios y combina agentes de software con especialistas humanos para construirlas y ponerlas en funcionamiento. La startup, fundada en 2021 y con sede en Austin, Texas, suma 52.5 millones de dólares de financiación, de acuerdo con Axios. A los dos nuevos inversionistas se unieron Accel, Peak XV Partners, Titanium Ventures y Valley Capital Partners, que ya habían respaldado a la compañía. ## El registro sitúa el inicio de la captación en septiembre El formulario D de RapidCanvas, firmado por Pangam el 14 de octubre de 2026 y disponible en la Comisión de Bolsa y Valores de Estados Unidos (SEC), declara **28,999,988 dólares captados de seis inversionistas**. La primera venta de la colocación figura con fecha del 21 de septiembre, anterior al reporte de Axios del 15 de octubre. El documento respalda así el importe cercano a 29 millones de dólares. La identificación de los fondos participantes y la clasificación como serie B proceden del reporte de Axios. En ese mismo reporte, RapidCanvas afirma trabajar con 75 clientes empresariales y haber multiplicado por ocho sus ingresos durante los últimos seis trimestres. La compañía optó por no divulgar su rango de ingresos en el formulario de la SEC; esa tasa de crecimiento, sin una cifra absoluta de partida, no permite calcular el tamaño de su facturación. ## La automatización conserva el apoyo de especialistas Según la descripción oficial de su plataforma, los agentes ayudan a traducir requisitos expresados en lenguaje de negocio en flujos de trabajo, preparar conexiones con datos y validar resultados. La oferta incluye expertos sectoriales y científicos de datos que acompañan la implementación. La empresa describe un motor de contexto que organiza el conocimiento y los datos de cada organización. Sobre esa base funcionan los agentes y las aplicaciones, con herramientas de evaluación y seguimiento de sus resultados. Su propuesta reúne, por tanto, el software que automatiza tareas y el trabajo especializado necesario para adaptarlo a una empresa concreta. RapidCanvas también afirma que su plataforma puede operar con distintos modelos de IA y desplegarse en AWS, Azure o Google Cloud. Esa flexibilidad forma parte de la diferenciación que presenta frente a proveedores de mayor tamaño, según Axios. Pangam dijo al medio que la compañía podría buscar una serie C hacia finales de 2027, a medida que evolucione la plataforma. Lo planteó como una posibilidad para su siguiente etapa de financiación. _Fuentes:_ 1, 2, 3

RapidCanvas has raised $29 million in Series B funding to expand a business built around a persistent enterprise AI problem: getting useful applications into production, then keeping them working as the business changes. The round was led by Vertex Ventures SEA & India, with participation from Hitachi Ventures. Existing investors Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures also participated. The October 16 announcement puts total funding at $52.5 million and reports eightfold growth in annual recurring revenue over six quarters, without disclosing an absolute revenue figure or valuation. RapidCanvas pairs an agentic software platform with field AI engineers. Its pitch centers on delivering and operating custom applications, rather than handing customers another development tool and leaving implementation to them. That combination makes the financing a bet on both software reuse and the people needed to translate a company’s processes into reliable automation. What the new capital will support The company plans to expand its go-to-market organization, private equity and advisory partnerships, and field AI engineering teams in the United States, Brazil, and India. Product investment will span its Enterprise Context Engine, the skills library behind its Visual Development Canvas, and governance in its Operational Harness. The Series...

Meta launched Muse Spark Open, an 816-billion-parameter AI model for Macs focusing on coding and agent workflows. Nvidia introduced three Nemotron AI models, RTX Spark laptops with local AI support, and expanded partnerships in automated driving. RapidCanvas raised $29 million to scale custom AI ap…

RapidCanvas, qui utilise des agents pour aider les entreprises à créer et à déployer des applications d’IA sur mesure, a levé près de 29 millions de dollars lors d’un tour de table de série B, indique son PDG Rahul Pangam à Axios Pro.

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RapidCanvas raises $16M to streamline data science projects with AI agents - SiliconANGLE