Total amount raised
Latest funding date
Location
Beacon AI has successfully raised $15 million in their Series A funding round, attracting significant investment from leading AI and tech investors such as Costanoa Ventures, Scout Ventures, and Sam Altman. The company is dedicated to enhancing flight safety and efficiency through its innovative AI Assistant platform, which offers a range of services including Pilot Assistance & Augmentation, Flight debrief & playback, and Route Optimizations.
Keep reading to explore the intricacies of Beacon AI's fundraising journey and the investors backing this forward-thinking platform.
What Is Beacon AI?
Beacon AI is an aviation technology company dedicated to enhancing flight safety and efficiency through advanced AI solutions. The company offers an AI Assistant that supports pilots in various capacities, including safety net, coach, and superhuman roles.
The team at Beacon AI consists of experts in aviation, AI, and software engineering, with a vision to integrate an AI Assistant into every professional flight deck. The company serves a diverse range of clients, such as airlines, public and government fleets, air charter operators, corporate flight departments, OEMs, and system integrators.
Backed by leading AI and tech investors, Beacon AI is actively seeking talented individuals to join their mission of building the future of flight safety and efficiency.
How Much Funding Has Beacon AI Raised?
- Seed Round
- Amount Raised: $2 million
- Date: January 2021
- Lead Investors: Costanoa Ventures, Scout Ventures
- Series A Round
- Amount Raised: $15 million
- Date: March 2023
- Lead Investors: Costanoa Ventures, Scout Ventures, Sam Altman
Beacon AI has raised a total of $17 million in funding.
Key Investors
- Costanoa Ventures
- Details: Costanoa Ventures is a venture capital firm that invests in early-stage technology companies. They focus on providing support to startups with the potential to disrupt their respective industries.
- Investment Focus Areas: Enterprise software, fintech, cybersecurity
- Notable Investments: Alation, Intacct, Quizlet
- Scout Ventures
- Details: Scout Ventures is a venture capital firm that backs early-stage technology companies. They have a particular interest in supporting veteran-led startups.
- Investment Focus Areas: Defense technology, cybersecurity, enterprise software
- Notable Investments: Unite Us, ID.me, Anduril
- Sam Altman
- Details: Sam Altman is a prominent entrepreneur and investor, known for his role as the former president of Y Combinator. He is currently the CEO of OpenAI.
- Investment Focus Areas: Artificial intelligence, biotech, energy
- Notable Investments: OpenAI, Helion Energy, Reddit
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