RapidCanvas raises $29M Series B to scale managed AI for mid-market enterprises

RapidCanvas has raised $29 million in Series B funding led by Vertex Ventures SEA & India, with Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures participating, bringing total funding to $52.5 million. The company reported 8x ARR growth over six quarters; over 40% of customers run multiple AI use cases in production, and 75+ enterprises made 1.4 million AI-led decisions in 2026. The company pairs field AI engineers with a platform of three products—Enterprise Context Engine, Visual Development Canvas and Operational Harness—at subscription pricing. Funds will expand go-to-market teams, grow engineering staff in the U.S., Brazil and India, and deepen all three products.

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