Beacon Platform, Inc. Closes Series A Funding Round
Summary
NEW YORK--( BUSINESS WIRE )--Beacon Platform, Incorporated (“Beacon”), a global financial technology company, has closed its Series A funding round, led by PIMCO, as previously announced.“The Series A funding round represents an important milestone in Beacon’s vision of building the first operating system for finance: an ecosystem where quantitative developers, engineers, data scientists, and front-office users can collaborate and innovate within their own controlled, secure, cloud-based platform environment,” said Mark Higgins, Chief Operating Officer of Beacon Platform, Inc.We look forward to helping further improve these tools as the ability to leverage data and digital assets becomes increasingly important in the financial services industry,” said Guy Saidenberg, Global Head of Distribution and Structuring at Barclays.Beacon was founded in 2014 by the senior technologists who worked with SecDB at Goldman Sachs and created Athena at JP Morgan and Quartz at Bank of America Merrill Lynch.With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing.
Funding
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