Agentic AI platform RapidCanvas raises $29 M led by Vertex Ventures

Texas- and Mumbai-based RapidCanvas has raised USD 29 million in a funding round led by Vertex Ventures Southeast Asia and India. The round also had participation from Hitachi Ventures and existing investors Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures. This transaction brings the total funding raised by the company to USD 52.5 million.Founded in 2021 by Rahul Pangam and Uttam Phalnikar, RapidCanvas provides an AI agent platform for enterprises. The firm currently focuses on developing AI agents to assist businesses in navigating complex data environments.RapidCanvas plans to use the fresh capital to expand its engineering operations and sales team in the USA..