Beacon.li Bags $7 Million in Series A Funding
AI-powered enterprise tech startup Beacon.li has secured $7 million (approximately INR 60.9 crore) in a Series A funding round. The investment was led by Sorin Investments, a venture capital firm founded by Sanjay Nayar, the former CEO of KKR India.
Other participants in the funding round included Athera Venture Partners, JAFCO Asia, and existing investor Unicorn India Ventures, along with angel investors such as Aneesh Reddy (founder and CEO of Capillary Technologies), Aravind Sanka (cofounder of Rapido), and Kapil Bharti.
The startup plans to use the capital to enhance its AI capabilities, increase its global footprint, and boost enterprise automation, according to a statement.
Founded in 2023 by Silus Reddy and Rakesh Vaddadi, Beacon.li provides AI-powered product assistants designed to support enterprise software. The company claims its AI assistant seamlessly integrates into enterprise systems, automating tasks, answering queries, and generating documentation in real-time. Their customer base includes Darwinbox, Zluri, Keka HR, and Planful, among others.
“As AI reshapes industries, India must take the lead in global innovation, and Sorin’s support strengthens our ability to do just that,” said Rakesh Vaddadi, cofounder of Beacon.li, commenting on the funding.
Subeer Monga, a partner at Sorin Investments, added, “India has a wealth of talent, and companies like Beacon.li prove that India can produce groundbreaking AI innovations for the global market.”
This funding round comes during a period of rapid growth in the AI sector, particularly with the rise of GenAI. Numerous AI-focused startups are emerging and receiving significant investor interest. Since 2020, over 200 Indian GenAI startups have collectively raised more than $1.2 billion.
In related news, UptimeAI recently secured funding from ABB Motion’s venture arm, which is based in Switzerland. Additionally, Rezolv, an AI-powered debt resolution platform founded by Kissht cofounders Karan Mehta and Sonali Jindal, also raised $3.5 million in a round led by 3one4 Capital.
