From SiliconANGLE · Maria Deutscher · · 1m
RapidCanvas raises $29M for enterprise AI tools
RapidCanvas gets $29m to build custom AI apps for big companies.
In brief
RapidCanvas gets $29m to build custom AI apps for big companies. RapidCanvas raised $29 million in Series B funding to develop custom AI applications for enterprises with $100m-$1bn revenue. Originally reported by SiliconANGLE.
Funding announcement
RapidCanvas announced a $29 million Series B funding round led by Vertex Ventures SEA & India.
Investors
Vertex Ventures SEA & India led the round with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.
Previous funding
The deal follows a $16 million investment in 2024.
Target clients
RapidCanvas builds AI apps for companies with $100m to $1bn annual revenue.
Automation tool
The RapidCanvas Enterprise AI Platform automates 60% of AI app development work.
Enterprise Context Engine
The engine collects business data to improve AI apps and clarify company-specific terms.
Next steps
RapidCanvas will use funds to grow go-to-market and AI engineering teams.
The takeaway
RapidCanvas raised $29 million in Series B funding to develop custom AI applications for enterprises with $100m-$1bn revenue.
