General Catalyst, Lightspeed Venture Partners, and D1 Capital Partners led a $250m Series B round in Beacon Software.

Venture capital firms General Catalyst, Lightspeed Venture Partners, and D1 Capital Partners, led a $250m Series B round in Beacon Software, an AI holding company focused on building the permanent home for essential vertical software and services, with participation from BDT & MSD Partners, Chris Rogers, and Sator Grove. “Beacon exists to transform the industries that quietly power our everyday lives. After nearly a decade helping grocers modernize at Instacart, I realized Main Street businesses everywhere need to be equipped for the technology revolution ahead. By pairing the deep expertise of the entrepreneurs we back with Beacon’s AI and technology capabilities, we are helping industries modernize while protecting the legacy of the teams who built them,” Nilam Ganenthiran, Beacon Founder & CEO.