❯ RapidCanvas raises about $29 million in Series B funding to build custom AI applications for businesses with AI agents

About $29 million in Series BAccording to Dealroom, relaying Axios Pro, Austin-based RapidCanvas raised about $29 million in a Series B, CEO Rahul Pangam said. Axios’s report, as relayed by Techmeme, says Vertex Ventures and Hitachi Ventures led the round.

AI for companies short on talentRapidCanvas uses AI agents to help businesses build and deploy custom AI applications, with its agentic platform handling the development and deployment work. Its target customers are enterprises that want custom AI but lack the in-house talent to build it.

Next round possibly late next yearPangam said the company could raise a Series C by late next year as the platform evolves. Specific uses of the money were not disclosed.

Selling the last mileRapidCanvas is not selling a model but the step of turning models into applications a business can use. What it has to prove is that companies without technical teams need a provider that builds and deploys the application for them more than they need a stronger model API.

▮ SIGNALThe hard part of buying AI is often deployment rather than the model, and the middle layer that “builds it for you” can still raise money.