Vertex Ventures leads $29m round in Indian AI startup
Hitachi Ventures and existing investors, including Accel and Peak XV Partners, also joined the round.
AI execution firm RapidCanvas has secured $29 million in Series B funding from Vertex Ventures SEA & India, along with participation from Hitachi Ventures and existing investors such as Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures. The startup has raised a cumulative $52.5 million thus far. The Series B investment will be utilized to bolster the company's go-to-market teams, expand its network of private equity and advisory partners, and enhance its field AI engineering capabilities across India, the US, and Brazil.
RapidCanvas plans to invest in its three main products: the Enterprise Context Engine, the Visual Development Canvas, and the Operational Harness.
RapidCanvas combines its AI platform with field AI engineers to deliver bespoke AI solutions, where engineers learn each customer's business processes, design and build custom AI applications, and ensure their outcomes post-delivery. The platform consists of three components: the Enterprise Context Engine, which captures an enterprise's business processes, including requirements, tribal knowledge, data schemas, and decision history; the Visual Development Canvas, which enables AI engineers to rapidly create custom AI solutions with a 60% head start from benchmarked code; and the Operational Harness, which manages and governs AI solutions once deployed in production.
Since its inception in 2026, RapidCanvas has served over 75 enterprises in sectors such as manufacturing, financial services, retail, business services, and infrastructure, facilitating 1.4 million AI-led decisions. More than 40% of the company's customers now operationalize multiple AI use cases. RapidCanvas aims to democratize AI, stating that AI has predominantly benefited Fortune 100 companies thus far, and it seeks to provide the same opportunities to all enterprises.
Rahul Pangam, co-founder and CEO of RapidCanvas, emphasized that their growth demonstrates the increasing transition of AI from pilot phases to production and real-world operations. RapidCanvas specifically targets enterprises with AI budgets and C-suite mandates but lacking proven pathways to successful outcomes.
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- AI execution company RapidCanvas raises $29M in Series B yourstory.com
