BusinessFunding / M&ABusiness, Funding & Industry1 source · Oct 16, 2026

RapidCanvas raises $29M to develop custom AI applications for enterprises

Software development startup RapidCanvas Inc. today announced that it has raised $29 million in funding.

Proof1 independent outlet

Key points

  • Vertex Ventures SEA & India led the Series B round with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.
  • The deal follows a $16 million investment in 2024.
  • RapidCanvas develops custom artificial intelligence applications [...]
  • The post RapidCanvas raises $29M to develop custom AI applications for enterprises appeared first on SiliconANGLE.

Sources (1)

  • [1]RapidCanvas raises $29M to develop custom AI applications for enterprises
    SiliconANGLE: AI · Oct 16, 08:19 PM
    Software development startup RapidCanvas Inc. today announced that it has raised $29 million in funding.
    Vertex Ventures SEA & India led the Series B round with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.

Extractive summary: sentences quoted from the sources.

Before this

  1. Oct 16, 2026Welcome Beam: a 501B open model you can own, customize, and scale
  2. Oct 15, 2026Cerebras highlights inference speed advantage in agentic workflows
  3. Oct 15, 2026NVIDIA Nemotron 3.5 Super VL Powers Specialized Agents with Multimodal Reasoning
  4. Oct 15, 2026ServiceNow adds AI agent controls and employee automation tools
  5. Oct 15, 2026Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO
  6. Oct 14, 2026Grok Voice 3.0 from SpaceXSI outscores OpenAI and Google on speech-to-speech index

Related