# RapidCanvas raises $29 million to expand enterprise AI delivery

_Published Friday, October 16, 2026 at 7:18 AM EDT · Capital · Latest · Tier 2 — Notable_

RapidCanvas announced a $29 million Series B funding round led by Vertex Ventures SEA & India on Friday, bringing its total funding to $52.5 million. Hitachi Ventures joined as an investor, alongside existing backers Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.

The company plans to expand its sales teams, private equity and advisory partner network, and field AI engineering team across India, the US and Brazil. RapidCanvas combines an AI platform with engineers who study customer processes, build custom applications and remain accountable for outcomes after delivery. It targets businesses with annual revenues of $100 million to $10 billion.

## Sources

- [Mint](https://www.livemint.com/companies/start-ups/ai-startup-rapidcanvas-raises-29-million-led-by-vertex-ventures-11792130109060.html)

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Canonical: https://techandbusiness.org/newswire/__f5OANSKynTnJwuOx144O
Published: 2026-10-16T11:18:32.143Z
Story chronology: 2026-10-16T09:18:56.000Z
Retrieved: 2026-10-16T13:50:22.435Z
Publisher: Tech & Business (techandbusiness.org)