Beacon Software raises $250 million to fund 'anti-private equity' AI roll-ups
Cristiana Gigina
Beacon Software, a holding company that acquires smaller software businesses and uses artificial intelligence to transform them, has raised $250 million to fund its AI roll-up strategy, the company told Reuters. The Series B round, led by General Catalyst, Lightspeed Venture Partners, and D1 Capital, valued the company at $1 billion. With $335 million raised in total since its launch last year, the funding underscores investors’ optimism around how AI-led automations will reshape traditional
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