September 4, 2018 New York, New York – Beacon Platform, Incorporated (“Beacon”), a global financial technology company, has closed its Series A funding round, led by PIMCO, as previously announced. Barclays, a leading global investment bank, and Global Atlantic Financial Group, an innovative provider of retirement, life, and reinsurance products, completed the round. Beacon licenses its developer platform, infrastructure services, and front office applications to institutional clients. Since its launch in 2014, Beacon has established itself as a leader in secure, cloud-based platform technology for the financial services industry. Beacon’s clients include global investment banks, asset managers, insurance companies, and commodities trading firms. “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. “Barclays is excited to support Beacon through this investment as they grow their engineering team and expand the platform’s capabilities. Work to date conducted by our developers and data scientists has demonstrated significant potential for the platform. We look forward to helping further improve… continue reading
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Source: CTRM Center