Artificial intelligence holding company Beacon Software announced Tuesday that it has closed a massive $250 million Series B funding round, elevating its total capital raised to $335 million since launching just last year. The move marks one of the largest funding rounds in the AI sector this quarter — a bold statement from a company aiming to reshape the future of vertical software and services.
The round was led by General Catalyst, Lightspeed Venture Partners, and D1 Capital Partners, with participation from an elite group of investors including BDT & MSD Partners, Instacart CEO Chris Rogers, and Sator Grove. Beacon said it plans to use the funds to expand its network of software and service companies, bolster its technology teams, and scale its AI-driven platform across multiple industries.
Building a “Permanent Home” for Software and Services
Beacon Software, founded in 2023, describes itself as a “permanent home for essential vertical software and services.” The company’s strategy blends acquisition and innovation — uniting diverse portfolio companies under one AI-enhanced platform equipped with shared design, fintech, and go-to-market capabilities.
“Beacon exists to transform the industries that quietly power our everyday lives,” said Nilam Ganenthiran, founder and CEO of Beacon Software, in a statement. “By pairing the deep expertise of the entrepreneurs we back with Beacon’s AI and technology capabilities, we’re helping industries modernize while honoring the legacy of those who built them.”
Ganenthiran, the former president of Instacart and a partner at D1 Capital Partners, co-founded Beacon alongside former Sequoia Capital partner Divya Gupta — both veterans in the tech and investment world.
