From The Next Web · Ana-Maria Stanciuc · · 1m
RapidCanvas raises $29M to build AI apps for enterprises
Austin startup that pairs AI agents with engineers to build custom business apps has doubled its total funding to $52.5M.
In brief
Austin startup that pairs AI agents with engineers to build custom business apps has doubled its total funding to $52.5M. RapidCanvas raised twenty nine million dollars in Series B funding to expand its AI app-building service for enterprises, bringing total funding to fifty two point five million. Originally reported…
RapidCanvas closes $29M Series B
Austin-based RapidCanvas raised twenty nine million dollars in Series B funding led by Vertex Ventures SEA and India, with Hitachi Ventures joining.Existing investors Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures also participated.
How RapidCanvas works
The company combines an AI agent platform with its own field engineers who learn how clients work, then build and run custom AI apps that connect to and update business software such as CRM and…
Growth and next steps
RapidCanvas's annual recurring revenue grew eightfold over the past six quarters.More than seventy five companies used its apps this year.
“AI can be the great equalizer, but so far its biggest wins have gone to the Fortune 100.”
Here's the gist
RapidCanvas raised twenty nine million dollars in Series B funding to expand its AI app-building service for enterprises, bringing total funding to fifty two point five million.
