About Beacon AI
Beacon AI is a company based in United States founded in 2021 by Avinash Nair.. Beacon AI has raised $19.6 million across 2 funding rounds from investors including JetBlue Technology Ventures, Costanoa and Scout Ventures. Beacon AI offers products and services including AI Assistant, Route Optimization, and Safety Net. Beacon AI operates in a competitive market with competitors including Culmen International, Vistair, Satavia, Inxelo Technologies and ArgosAI, among others.
- Headquarter United States
- Founders Avinash Nair
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Beacons Ai Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.6 M (USD)
in 2 rounds
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Latest Funding Round
$19.6 M (USD), Series A
Aug 12, 2024
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Investors
JetBlue Technology Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Beacon AI
Beacon AI offers a comprehensive portfolio of products and services, including AI Assistant, Route Optimization, and Safety Net. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers AI-driven tools for flight safety and efficiency enhancements.
Provides calculations for optimal flight routes and performance.
Delivers checklists and configuration management for pilot safety.
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Funding Insights of Beacon AI
Beacon AI has successfully raised a total of $19.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $19.6 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $19.6M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Beacon AI | Valuation | Costanoa | |
| Nov, 2021 | Amount | Seed - Beacon AI | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Beacon AI
Beacon AI has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include JetBlue Technology Ventures, Costanoa and Scout Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on early stage fintech, data, AI, and security companies
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to travel and hospitality startups.
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Founded Year | Domain | Location | |
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Early-stage investments in frontier technologies are led by Scout Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beacon AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beacon AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beacon Ai Comparisons
Competitors of Beacon AI
Beacon AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Culmen International, Vistair, Satavia, Inxelo Technologies and ArgosAI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Security, logistics, and technology solutions are provided internationally.
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| domain | founded_year | HQ Location |
Aviation safety and compliance software is provided for airlines.
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| domain | founded_year | HQ Location |
B2B products for flight safety and efficiency
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| domain | founded_year | HQ Location |
Safety and compliance management is delivered for aviation operations.
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| domain | founded_year | HQ Location |
AI-based safety and compliance solutions for airlines are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beacon Ai
Frequently Asked Questions about Beacon AI
When was Beacon AI founded?
Beacon AI was founded in 2021.
Where is Beacon AI located?
Beacon AI is headquartered in United States.
Is Beacon AI a funded company?
Beacon AI is a funded company, having raised a total of $19.6M across 2 funding rounds to date.
What does Beacon AI do?
Beacon AI was founded in 2021 and is based in the United States. Software solutions powered by AI are offered for flight safety and compliance management within the aviation sector. Operational errors are addressed for both commercial and private flights. Solutions also encompass flight deck and runway management to support overall operations.
Who are the top competitors of Beacon AI?
Beacon AI's top competitors include Culmen International, Satavia and Vistair.
What products or services does Beacon AI offer?
Beacon AI offers AI Assistant, Route Optimization, and Safety Net.
Who are Beacon AI's investors?
Beacon AI has 6 investors. Key investors include JetBlue Technology Ventures, Costanoa, Scout Ventures, Sam Altman, and Sam Altman.