# RapidCanvas raises $29M for enterprise AI tools

> RapidCanvas gets $29m to build custom AI apps for big companies.
- Title: RapidCanvas raises $29M for enterprise AI tools · SiliconANGLE
- Summary: 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…
- Keywords: rapidcanvas, series b, ai applications, enterprise, custom ai, funding, software development, technology, raises, 29M, tools, SiliconANGLE
- Source: SiliconANGLE — https://siliconangle.com/2026/10/16/rapidcanvas-raises-29m-to-develop-custom-ai-applications-for-enterprises
- Author: Maria Deutscher
- Published: 2026-10-16T20:19:25+00:00
- Read time: 1 min
- Topics: rapidcanvas, series b, ai applications, enterprise, custom ai, funding, software development, technology
## 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.
## Key takeaway

RapidCanvas raised $29 million in Series B funding to develop custom AI applications for enterprises with $100m-$1bn revenue.