# Beacon (Now CWAN)

> Beacon, now part of Clearwater Analytics, supplies cloud-native trading and risk applications alongside a Python development platform. Banks, asset managers, insurers and energy traders use its licensed, transparent source code and scalable computing infrastructure to build proprietary analytics without rebuilding the underlying technology.

- **Founded:** 2014
- **Headquarters:** New York, United States
- **Founders:** Kirat Singh (Co-founder and former CEO; President, Risk & Performance at Clearwater at acquisition close), Mark Higgins (Co-founder and COO (historical))
- **Products:** Beacon risk management platform, Python-native development platform, Excel Evaluator, Beacon Notebook, Implementation and quantitative development support
- **Notable:** PIMCO case study reports transformation of a spreadsheet with almost one million formulas into 160 unique formulas while maintaining functionality., Blackstone case study reports in-house analytics across tens of thousands of positions in minutes., Raised a $56 million Series C in 2021.

## Products & services

- **Beacon risk management platform** — Modular cross-asset trading, pricing, intraday risk, stress testing, scenario analysis and P&L tools, with licensed source-code access.
- **Python-native development platform** — Cloud development environment, shared code repository, dependency graphs, version control and scalable compute for proprietary models.
- **Excel Evaluator** — Transforms spreadsheet calculation logic into scalable backend models; developed with inspiration from PIMCO’s spreadsheet migration.
- **Beacon Notebook** — Research environment with controlled access to production data, scheduling and version control.
- **Implementation and quantitative development support** — Experts help clients integrate existing data and systems and develop institution-specific analytics.

## Achievements

- PIMCO case study reports transformation of a spreadsheet with almost one million formulas into 160 unique formulas while maintaining functionality.
- Blackstone case study reports in-house analytics across tens of thousands of positions in minutes.
- Raised a $56 million Series C in 2021.
- Reached approximately $44 million ARR at year-end 2024, according to Clearwater’s acquisition announcement.
- Acquired by Clearwater Analytics on April 30, 2025.

## Latest updates

- **2025-03** — Clearwater announced an agreement to acquire Beacon for approximately $560 million, alongside the separate Bistro transaction.
- **2025-04** — Clearwater completed the Beacon acquisition; Kirat Singh was named President, Risk & Performance.
- **2026-10** — As checked in October 2026, beacon.io redirects to Clearwater’s Beacon product page, which markets Python-native customization, cross-asset risk and embedded agentic AI. This is a website observation, not a dated launch claim.

## Links

- Website: https://cwan.com/products/beacon/
- LinkedIn: https://www.linkedin.com/company/cwan-beacon/
- Twitter/X: https://twitter.com/platformbeacon

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Profile page: https://yespress.io/beacon-now-cwan
Published by YesPress — https://yespress.io
Last updated: 2026-10-04