Managed AI execution startup RapidCanvas has raised $29 million in Series B funding led by Vertex Ventures SEA & India, bringing its total raised capital to $52.5 million. The company targets mid-market enterprises with annual revenues between $100 million and $10 billion, bridging the AI deployment gap by pairing its software platform with forward-deployed field engineers across India, the US, and Brazil.
Series B funding details
- ▪Hitachi Ventures joined RapidCanvas's cap table, while existing investors Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures also participated in the $29 million Series B round
- ▪RapidCanvas raised $29 million in a Series B funding round led by Vertex Ventures SEA & India on October 16, 2026
- ▪A $29 million Series B round brought RapidCanvas's total funding raised to $52.5 million
Operating model and deployment strategy
- ▪Vertex Ventures SEA & India general partner Piyush Kharbanda stated that RapidCanvas delivers enterprise returns by combining an AI platform that compounds with deployment and engineers who own end-to-end outcomes
- ▪RapidCanvas operates as a managed AI execution company using agents and forward-deployed field AI engineers who learn customer business processes, build, deploy, and maintain custom enterprise AI applications, remaining accountable for outcomes post-delivery
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