RapidCanvas, a company that helps businesses build and deploy custom artificial intelligence (AI) solutions, has raised $29 million in Series B funding. The round was led by Vertex Ventures SEA & India, with participation from Hitachi Ventures and existing investors Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.
The latest investment brings RapidCanvas’ total funding to $52.5 million.
The funding comes as the company reports strong business growth, with annual recurring revenue increasing eightfold over the past six quarters. According to RapidCanvas, more than 40% of its customers now use multiple AI applications in production.
“AI can be the great equalizer, but so far its biggest wins have gone to the Fortune 100. We want to give every enterprise the same opportunity,” said Rahul Pangam, co-founder and CEO of RapidCanvas. “Vibe coding has made it easy to start building with AI. Getting AI into production reliably and safely still remains the biggest gap. Our growth over the past six quarters is evidence that AI in enterprises is moving beyond pilots into production and real operations.”
RapidCanvas combines an AI platform with human AI engineers to help enterprises develop, deploy and manage custom AI applications. Its team works with businesses to understand their operations, build solutions for specific needs and monitor performance after deployment.
The company’s platform includes three main products. The Enterprise Context Engine captures business processes, company knowledge and data structures. The Visual Development Canvas helps engineers build custom AI applications using a library of tested code. The Operational Harness helps manage and govern AI solutions after they are deployed.
RapidCanvas aims to help businesses adopt AI without the high costs and long timelines often associated with traditional consulting services. It also supports companies that lack the specialized technical teams needed to build AI applications independently.
According to the company, more than 75 enterprises across manufacturing, financial services, retail, business services and infrastructure have made 1.4 million AI-led decisions using applications built on its platform so far in 2026.
“Most enterprises are still searching for real returns on their AI spend. RapidCanvas delivers them by pairing an AI platform that compounds with every deployment and field AI engineers who own the outcome end to end. The proof is in the customer pull: enterprises keep expanding into new use cases and functions. We’re excited to lead this Series B and back a team that has built and scaled this playbook before.” said Piyush Kharbanda, General Partner at Vertex Ventures SEA & India.
“Enterprise AI will ultimately be measured by the economics of delivering outcomes at scale. RapidCanvas combines hands-on engineering with a productized platform, allowing what starts as custom delivery to become increasingly repeatable and scalable. That shift from services economics toward software economics is core to our AInomics thesis at Hitachi Ventures, and we’re glad to partner with the team as they scale,” said Radhika Ananth, Head of India and Investment Director at Hitachi Ventures.
RapidCanvas primarily targets businesses with annual revenue between $100 million and $10 billion. These companies often have budgets and leadership support for AI projects but struggle to move beyond pilot programs and achieve measurable results.
The company will use the new funding to expand its sales and go-to-market teams, strengthen partnerships with private equity firms and advisory businesses, and grow its field AI engineering teams across the United States, Brazil and India.
It also plans to invest in its three core products by improving business context management, expanding its library of reusable AI development tools and strengthening governance for applications operating in production.
Founded to help enterprises move from AI experimentation to real-world implementation, RapidCanvas aims to make custom AI solutions more accessible through a combination of human expertise and AI-powered development tools.
