India, Oct. 16 -- Enterprise AI startup RapidCanvas has raised $29 Mn (about Rs.280 Cr) in its Series B funding round led by Vertex Ventures SEA & India. The round also saw participation from new ventures Hitachi Ventures, along with existing investors Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.

RapidCanvas will use the proceeds to expand its go-to-market teams and field AI engineering team across India, the US and Brazil. It will also invest in all three products - deepening the Enterprise Context Engine, expanding the skills library behind the Visual Development Canvas, and strengthening governance in the Operational Harness.

Founded in 2021 by Rahul Pangam and Uttam Phalnikar, RapidCanvas is an agentic AI ...