RapidCanvas raises $29M for enterprise AI apps
SiliconANGLE: 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. 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
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A software development startup has raised funding to build custom artificial intelligence applications for mid-sized enterprises. The company's automation toolkit handles approximately 60% of the work typically involved in creating AI applications by automating tasks like collecting business data, identifying automation opportunities, and verifying that applications work reliably. The company has grown significantly over recent quarters and plans to use the new funding to expand its teams, suggesting that enterprise AI is moving beyond experimental projects into actual business operations.
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