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AI execution company RapidCanvas raises $29M in Series B

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AI execution company RapidCanvas raises $29M in Series B

AI execution company RapidCanvas has raised $29 million in Series B funding led by Vertex Ventures SEA & India. The round also saw participation from Hitachi Ventures and existing investors, including Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.

The startup has raised a total funding to $52.5 million. RapidCanvas will use the Series B funding to grow its go-to-market teams and expand its network of private equity and advisory partners, who bring managed AI execution to their portfolio companies and clients. It will also grow its field AI engineering team across India, the US and Brazil. 

Further, the company plans to invest in its three products: deepening the Enterprise Context Engine, expanding the skills library behind the Visual Development Canvas, and strengthening governance in the Operational Harness.

RapidCanvas pairs its AI platform with field AI engineers to deliver custom AI solutions. AI engineers learn each customer's business processes, design and build custom AI applications, and stay accountable for the applications' outcomes after delivery.

The RapidCanvas AI platform brings together three products: The Enterprise Context Engine lets an enterprise capture how a business process runs, from requirements and tribal knowledge to data schemas and decision history, and the enterprise owns that context. The Visual Development Canvas lets AI engineers rapidly build custom AI solutions that meet industry benchmarks, drawing on a skills library that gives each new solution a 60% head start from proven, benchmarked code.

The Operational Harness manages and governs AI solutions once they're deployed in production.


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