Beacon AI, a San Carlos, CA-based aviation intelligence startup, raised $15M in Series A funding.
The round was led by Costanoa Ventures, with participation from Scout Ventures, joining numerous new and existing investors including Sam Altman, and JetBlue Ventures.
Led by CEO Matt Cox, Beacon AI is a California-based aviation software technology company specializing in developing advanced AI systems to augment commercial and defense pilots. It aims to enhance the future of flight by making flight operations safer and more efficient.
The company intends to use the funds to expand its team, deliver on existing DOD and commercial engagements, and accelerate the deployment of its flagship products: Murdock, an AI-powered pilot assistant akin to R2-D2 for pilots, and Lighthouse, its data platform and flight management system.
Beacon AI has gained significant traction with ten Department of Defense (DOD) contracts and agreements and is seeing rapidly growing commercial interest.
FinSMEs
15/10/2024