RapidCanvas, a managed AI execution company, announced on Oct. 28 that it has acquired Entytle. Entytle provides aftermarket intelligence to industrial OEMs. The acquisition includes Entytle's technology, customers, and employees.
Funding context
RapidCanvas disclosed a $29 million Series B round on Oct. 21. Vertex Ventures SEA & India led the round. Hitachi Ventures provided strategic anchor investment.
Customers and recognition
Entytle serves industrial OEMs such as Peerless Pump, Baker Hughes, GEA, and Veolia. Its cloud platform is deployed across thousands of industrial OEM users. G2 recognizes RapidCanvas as a top 5 Data Science and Machine Learning platform.
What the platform does
Entytle's flagship product, Insyghts, assembles and cleanses installed base data. Its AI agents monitor installed assets and recommend sales, marketing, and service actions. The tools automate prospecting, quoting, and customer service for machines that can run for 10 to 30 years.
Entytle's Insyghts name will remain. Vivek Joshi will serve as general manager of RapidCanvas's Aftermarket division. Entytle aftermarket specialists will work with the RapidCanvas platform.