New York based quant development platform for custom trading and risk management apps raised $56m in Series C Funding led by Warburg Pincus.
"Beacon is fundamentally changing the playing field for the financial industry, enabling firms of all types and sizes to benefit from advanced quant technology, enterprise-scale infrastructure, and rapid development tools that were previously the domain of just a few of the largest institutions," says Kirat Singh, CEO of Beacon. "We are excited to leverage Warburg's expertise and global presence as we accelerate our product strategy and sales growth."