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

City Therapeutics Raises $200 Million in Upsized US IPO

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Early-stage RNAi can still clear public markets at the midpoint of the range—biotech IPOs are reopening for platforms with a crisp story even before late-stage data. If you’re building in therapeutics, the window is shifting from binary ‘open/closed’ to selective access for modality narratives investors understand.

Startups & Venture

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

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.