RapidCanvas Raises $29M to Build and Run AI Apps for Enterprises
The startup said annual recurring revenue grew eightfold over six quarters as it plans to hire in India, the US and Brazil.
- On Friday, Austin-based RapidCanvas raised $29M in Series B funding led by Vertex Ventures SEA & India, with Hitachi Ventures joining, bringing total funding to $52.5M.
- RapidCanvas pairs an AI agent platform with field engineers to build custom apps connecting to CRM and ERP systems, with more than 75 companies using them this year.
- The startup will use capital to expand go-to-market operations and grow its AI engineering team across India, the US, and Brazil while investing in its Enterprise Context Engine.
- Annual recurring revenue grew eightfold over the past six quarters, reflecting strong adoption. "AI can be the great equalizer," said Rahul Pangam, RapidCanvas co-founder and chief executive.
- Investors are backing a wider group of enterprise AI tools, with Dust raising $40M and Uvi securing $7.5M to solve the same problem, intensifying competition.
11 Articles
11 Articles
RapidCanvas raises $29M Series B to bring Fortune 100-grade AI to every enterprise - Tech Startups
Enterprise AI startup RapidCanvas has raised $29 million in Series B funding to help businesses deploy custom AI applications without spending millions on consulting firms or hiring large in-house engineering teams. The funding comes as companies face growing pressure to […] The post RapidCanvas raises $29M Series B to bring Fortune 100-grade AI to every enterprise first appeared on Tech Startups.
RapidCanvas raises $29M to build and run AI apps for enterprises
RapidCanvas, which pairs an AI agent platform with its own engineers to build business apps for companies, raised a $29M Series B led by Vertex Ventures SEA & India, with Hitachi Ventures joining. It will hire in the US, Brazil, and India. Total funding now stands at $52.5M. Austin-based RapidCanvas has raised $29M in Series […] This story continues at The Next Web
RapidCanvas closes a $29 million Series B round led by Vertex Ventures to bring AI to production in companies without technical equipment. La entrada RapidCanvas raises $29 million in a Series B round to bring artificial intelligence to any company aparece primero en Merca2.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
