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Beacon Platform raises $56m in Series C funding

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."  

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capital markets