RapidCanvas raises nearly $29M Series B led by Vertex Ventures and Hitachi Ventures
Austin‑based RapidCanvas, which builds agent‑driven platforms for businesses to create custom AI applications, announced a new financing round. The company said it has raised nearly $29 million in a Series B round.
Key points
- RapidCanvas secured almost $29 million in Series B financing
- Funding round was led by Vertex Ventures and Hitachi Ventures
- CEO Rahul Pangam says the money will expand its agent‑based AI tool platform for businesses
The round was led by venture firms Vertex Ventures and Hitachi Ventures, according to CEO Rahul Pangam in an interview with Axios Pro. Pangam indicated the capital will be used to expand RapidCanvas’s toolset and accelerate deployments for enterprise customers.
RapidCanvas positions its agent framework as a way for firms to develop and launch bespoke AI solutions without building infrastructure from scratch, a model that has attracted growing investor interest in the AI tooling space.
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