Beacon AI, a San Carlos, CA-based aviation intelligence startup, has raised $15 million in Series A funding, bringing its total funding to $20 million.
Investors
The round was led by Costanoa Ventures, with participation from Scout Ventures and notable investors including Sam Altman and JetBlue Ventures.
Founded in 2012, Costanoa Ventures partners with builders as early as company formation, focusing on B2B in applied AI, data and developer infrastructure, security, defense, and fintech. Costanoa is a long-term, boutique partner to entrepreneurs from the earliest stages of company building, leveraging expertise from its BuilderOps team.
Beacon AI Use of Funds
The company will use the funding to expand its team, fulfill existing contracts, and accelerate product deployment.
About Beacon AI
Beacon AI is a California-based aviation software technology company specializing in developing advanced AI systems to augment commercial and defense pilots. Its flagship products include Murdock, an AI-powered pilot assistant akin to R2-D2 for pilots, and Lighthouse, a data platform and flight management system. The company's mission is to enhance the future of flight by making flight operations safer and more efficient.
Funding Details
Company: Beacon AI, Inc.
Raised: $15.0M
Round: Series A
Funding Date: October 2024
Lead Investor: Costanoa Ventures
Additional Investors: Scout Ventures, Sam Altman, JetBlue Ventures
Company Website: https://beaconai.co/
Software Category: Flight Safety and Management
Source: https://www.prnewswire.com/news-releases/beacon-ai-secures-15m-in-series-a-funding-to-bring-ai-into-flight-decks-302275720.html