Entity
RapidCanvas
RapidCanvas, a startup building custom AI applications for enterprises, raised a $29 million Series B led by Vertex Ventures SEA & India with participation from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures, following a $16 million 2024 round.
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## Overview
RapidCanvas Inc. is a software development startup that builds custom artificial intelligence applications for enterprises (SiliconANGLE, October 16).
## Funding
On October 16, 2026, RapidCanvas announced it raised $29 million in funding (SiliconANGLE, October 16). The Series B round was led by Vertex Ventures SEA & India, with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures (SiliconANGLE, October 16). The deal follows a $16 million investment the company raised in 2024 (SiliconANGLE, October 16).
## Strategic Significance
The round reflects continued investor appetite for enterprise-focused AI application platforms, and notable participation from corporate venture arms (Hitachi Ventures) and established VC firms (Accel, Peak XV Partners) signals institutional confidence in vertical AI tooling for businesses.