AI-Powered Enterprise Solutions Startup Beacon.li Secures $7 Million in Series A Funding

Enterprise solutions startup Beacon raises $7 million in round led by Sorin Investments

Athera Venture Partners, Jafco Asia, existing investor Unicorn India Ventures, and angel investors including Capillary Technologies CEO Aneesh Reddy, Delhivery CTO Kapil Bharati, and Rapido CEO Aravind Sanka also participated in the round. The company plans to use the money to expand its AI capabilities, scale its global footprint, and further enhance enterprise automation.Beacon.li, an AI-powered enterprise solutions startup, has raised $7 million in a Series A funding round led by Sorin Investments, an early-stage Indian venture capital (VC) firm cofounded by former KKR India CEO Sanjay Nayar. The round also saw participation from Athera Venture Partners, Jafco Asia, existing investor Unicorn India Ventures, and angel investors including Capillary Technologies CEO Aneesh Reddy, Delhivery chief technology officer Kapil Bharati, and Rapido CEO Aravind Sanka. With the fresh capital, Beacon.li plans to expand its AI capabilities, scale its global footprint, and further enhance enterprise automation. Founded in 2023 by Rakesh Vaddadi and Silus Reddy, Beacon.li is focused on simplifying enterprise software adoption through AI-powered automation. Its product assists businesses by integrating into enterprise systems, automating workflows, resolving queries, and generating documentation in real time. "For enterprises to remain customer-centric, AI-driven automation is no longer optional, it's essential. Customisation, complexity, and outdated documentation slows adoption, but AI is transforming this by creating seamless, intuitive user experiences that drive business efficiency," said Vaddadi. The company serves clients in India and the US, including Darwinbox, Zluri, KekHR, and Planful. Vaddadi noted that Beacon.li's customers have seen up to an 80% reduction in support volume and a fourfold increase in user adoption. Sorin Investments closed its maiden Rs 1,350 crore fund in May 2024, as reported by ET. The firm had made its first close at Rs 800 crore in 2022, followed by a second close at Rs 1,000 crore in 2023. Key sponsors of the fund include KKR cofounder Henry Kravis, the Munjal family of Hero Group, and The Caravel Group's Banga family. "As businesses prioritise automation and AI-driven solutions to improve efficiency and adoption, the need for intelligent enterprise tools is more critical than ever. Beacon.li is not only addressing a fundamental pain point but also setting a new standard for AI-powered assistance," said Subeer Monga, partner, Sorin Investments. This funding comes amid growing investor interest in Indian SaaS startups leveraging technologies like AI. On January 30, ET reported that SuperOps, a software provider for IT management services, raised $25 million in its Series C round, led by existing investor March Capital, with participation from Lee Fixel's Addition and Z47 (formerly Matrix Partners India). Similarly, in September 2024, SaaS company Whatfix secured a $125 million funding, in a round led by private equity firm Warburg Pincus.

AI Startup Beacon.li Bags $7 Mn Led By Ex-KKR India CEO's VC Firm AI Startup Beacon.li Bags $7 Mn Led By Ex-KKR India CEO's VC Firm

The startup counts the likes of Darwinbox, Zluri, Keka HR and Planful among its customers AI-driven enterprise tech startup Beacon.li has secured $7 Mn (around INR 60.9 Cr) in its Series A funding round led by Sorin Investments, the VC firm founded by former KKR India CEO Sanjay Nayar. The round also saw participation from Athera Venture Partners, JAFCO Asia, along with existing investor Unicorn India Ventures and angel investors including Capillary Technologies founder and CEO Aneesh Reddy, Rapido cofounder Aravind Sanka, and Kapil Bharti. In a statement, the startup said that the capital will be used to expand its AI capabilities, increase its global footprint, and boost enterprise automation. Founded in 2023 by Silus Reddy and Rakesh Vaddadi, Beacon.li provides AI-powered product assistants for enterprise software support. It claims that its AI product assistant seamlessly integrates into enterprise systems, automates tasks, resolves queries, and generates documentation in real time. The startup counts the likes of Darwinbox, Zluri, Keka HR and Planful among its customers. Commenting on the funding, cofounder Vaddadi said, "As AI reshapes industries, India must take the lead in global innovation, and Sorin's support strengthens our ability to do just that." Meanwhile, Sorin Investments' partner Subeer Monga said, "India has a wealth of talent, and companies like Beacon.li prove that India can produce groundbreaking AI innovations for the global market." The development comes at a time when AI, especially GenAI, has taken the world by storm. This has spawned the rise of a number of AI-focussed startups which are developing solutions to provide services across the globe. These startups are also seeing a lot of interest from investors. Over 200 Indian GenAI startups have collectively raised more than $1.2 Bn since 2020. Just a day ago, UptimeAI bagged funding from Switzerland-based ABB Motion's venture arm. Meanwhile, AI-powered debt resolution platform Rezolv, founded by Kissht cofounders Karan Mehta and Sonali Jindal, also secured $3.5 Mn in a round led by 3one4 Capital.