AI rollup company Beacon closes $225-million USD Series C round

Toronto-based Beacon Software has secured $225 million USD ($314 million CAD) in Series C financing to buy more niche software businesses and equip them with AI. The news: Months after closing a $250-million USD Series B round at a $1-billion valuation, Beacon announced today that it raised another $225 million USD to continue its acquisition spree and advance the development of its AI operating stack. The AI holding company’s latest all-equity, all-primary capital financing was led by existing