ISN Team17 Oct 2026
14:13IST
New Update
RapidCanvas, the managed AI execution startup, has raised $29 million in a Series B funding round led by Vertex Ventures SEA & India.
The round also saw participation from Hitachi Ventures and existing investors, including Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures. The financing brings total funding to $52.5 million.
RapidCanvas pairs its AI platform with field AI engineers to deliver custom AI solutions. AI engineers learn each customer’s business processes, design and build custom AI applications, and stay accountable for the applications’ outcomes after delivery.
The RapidCanvas AI platform brings together three products: The Enterprise Context Engine lets an enterprise capture how a business process runs, from requirements and tribal knowledge to data schemas and decision history, and the enterprise owns that context.
The Visual Development Canvas lets AI engineers rapidly build custom AI solutions that meet industry benchmarks, drawing on a skills library that gives each new solution a 60% head start from proven, benchmarked code.
The Operational Harness manages and governs AI solutions once they’re deployed in production. RapidCanvas offers its Hybrid Approach at subscription pricing, changing the economics of enterprise AI.
“AI can be the great equalizer, but so far its biggest wins have gone to the Fortune 100. We want to give every enterprise the same opportunity,” said Rahul Pangam, co-founder and CEO of RapidCanvas.
“Vibe coding has made it easy to start building with AI. Getting AI into production reliably and safely still remains the biggest gap. Our growth over the past six quarters is evidence that AI in enterprises is moving beyond pilots into production and real operations.”
“Most enterprises are still searching for real returns on their AI spend. RapidCanvas delivers them by pairing an AI platform that compounds with every deployment and forward-deployed engineers who own the outcome end to end. The proof is in the customer pull: enterprises keep expanding into new use cases and functions. We’re excited to lead this Series B and back a team that has built and scaled this playbook before.” said Piyush Kharbanda, General Partner at Vertex Ventures SEA & India.
The startup plans to use the raised capital to grow its go-to-market teams and expand its network of private equity and advisory partners. It will also grow its field AI engineering team across India, the US and Brazil. Additionally, it will invest in deepening the Enterprise Context Engine, expanding the skills library behind the Visual Development Canvas, and strengthening governance in the Operational Harness.
