RapidCanvas raises $29M to build and run AI apps for enterprises

Austin-based RapidCanvas raised $29 million in a Series B round led by Vertex Ventures SEA India, with participation from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures. This funding follows a $16 million investment in 2024, bringing total funding to $52.5 million. The company pairs an AI agent platform with engineers to build custom business applications for enterprises and plans to expand hiring across the US, Brazil, and India.