Beacon Unveils Largest Cohort to Date, Signaling Major Growth in Web3 Accelerator

Beacon, a prominent Web3 accelerator project, has unveiled its 4^th and biggest cohort up till now. As per Beacon, its fourth cohort comes after its three Unicorns in a couple of years, with the platform selecting seventeen promising entities for the new 3-month project, denoting substantial growth from the former cohorts.

Beacon’s 4^th Cohort Comes with Several Series A Entities

In its announcement, Beacon mentioned that the new group comprises the highest-profile entities in the platform’s history. Sandeep Nailwal, the co-founder of Polygon reportedly launched the respective cohort back in 2022. It features several Series A platforms getting support from large venture capital companies. They include Andreessen Horowitz (a16z), Framework, Founders Fund, and Pantera.

The Cohort takes into account several Web3 sectors like AI, infrastructure, and DeFi. Among the noteworthy members are eoracle, Aligned Layer, Nubit, EXO, and Stakestone. Beacon and Polygon’s co-founder Sandeep Nailwal also commented on this endeavor. He expressed enthusiasm about this development by welcoming the most diverse and biggest cohort for Beacon so far.

As per Nailwal, the caliber of the firms joining Beacon in the new project is exceptional. Additionally, he also disclosed the expectation for the best results of the platform’s mentorship as well as resources. He added that these companies will progress further to shape the Web3 sector’s future and beyond. This announcement takes place closely after the completion of the highly effective S23 cohort of Beacon. It consisted of ten entities, with many having made a significant development following being chosen.

0G and ORA from the Former S23 Cohort of Beacon Reach Unicorn Status

S23 alumni took into account 0G (a data availability layer) and ORA (a protocol for verifiable oracles). Both of these platforms have reportedly gained unicorn status. ORA obtained $20M in funding with Polychain Capital leading the funding round. Inco, a worldwide confidentiality layer, reportedly closed a $4.5M seed round that 1kx led. The participants of the round took into account Robot Ventures and dao5.

In the meantime, Fluent (a well-known Ethereum layer-2 solution) carried out a seed round that collected $7.5M under the lead of dao5 and Polychain Capital. As a result of the respective success stories, the latest cohort’s bar has been set higher, especially given the remarkable early traction and background of the member entities. Beacon named Aligned Layer, Avantis, Compute Labs, Crynux, eoracle, EXO, EZKL, Lorenzo Nodekit, Nubit, Othentic, PADO, Pallet, Pin AI, Stakestone, TAC, and Warlock as the cohort participants.