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Startups & Venture·October 16, 2026·1 min read

Austin-based RapidCanvas, which uses agents to help businesses build custom AI tools, raised a ∼$29M Series B led by Vertex Ventures and Hitachi Ventures

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A $29M Series B for RapidCanvas is more fuel behind 'AI to build AI'—agentic platforms that promise line-of-business teams custom apps without full-stack ML teams. If you're an enterprise CIO, you now have to decide whether to standardize on one of these meta-builders or double down on internal platform teams before shadow AI proliferates.