"We're thrilled to welcome our largest and most diverse cohort so far," said Sandeep Nailwal, co-founder of Polygon and Beacon. "The caliber of companies joining us is truly exceptional, and we're excited to see how, with the aid of our mentorship and resources, they will shape the future of web3 and beyond."
The new group includes some of the most high-profile companies in Beacon's history, with several already backed by prominent venture capital firms such as Andreessen Horowitz (a16z), Founders Fund, Pantera Capital, and Polychain Capital.
Among the standout companies in the cohort are: Stakestone, an omni-chain liquid staking token protocol enhancing staking yields and liquidity on Layer 2s; EXO, which enables users to run their own AI clusters at home using everyday devices.
The announcement comes after the graduation of Beacon's successful S23 cohort, which comprised 10 companies. Alumni such as scalable data availability layer 0G and verifiable oracle protocol ORA have achieved unicorn status since completing the program.
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