Beacon Platform is a NYC-based cloud platform for quant development that enables users to build custom trading and risk-management applications. Led by CEO Kirat Singh, the company provides quant technology, elastic cloud infrastructure, and front-office applications for financial markets. Its integrated development environment and web application framework allow users to develop enterprise-scale analytics, trading, and risk-management applications. Industry leaders including PIMCO, Blackstone, Shell New Energies, Global Atlantic, and Commonwealth Bank of Australia use Beacon’s solution. Beacon closed a $56M Series C and plans to use the funds to expand engineering, sales, customer-facing teams, and operations to scale across multiple markets and geographies. Beacon Platform offers a cloud-based application development platform for capital markets, providing pre-built applications, a financial development toolkit, transparent source code, and infrastructure services. The platform is designed to empower developers, quants, data scientists and business users to scale analytics, trading, risk management and other front- to back-office applications. Beacon says customers including global banks, asset managers, insurers and commodity trading firms have saved time and money; its client list now includes Commonwealth Bank of Australia, Shell New Energies and SMBC Capital Markets. The company reports its user base grew 150% over the past 12 months and emphasizes that clients can own the full technology stack via delivered source code. Beacon plans to use new capital to expand operations and accelerate product development while continuing to scale across financial institutions. Beacon Platform, launched in 2014, provides a developer platform along with infrastructure services and front-office applications licensed to institutional clients. The company serves global investment banks, asset managers, insurance companies, and commodities trading firms. Beacon is led by CEO Kirat Singh and COO Mark Higgins and employs more than 70 people. It maintains offices in New York, London, Berlin, and Tokyo. The company closed a Series A funding round (amount undisclosed) as reported in April 2018. No revenue or user metrics were disclosed in the article.

Total raised

$76M

Funding rounds

3

Latest round

Series C

Latest activity

Oct 2021