# B Capital Group

> B Capital Group's investments in AI tools on Anchor Terminal, Lambda, MoEngage, Pendo.io, Inc. and Reflection, with each listing's grade and the founders behind it.

- Canonical: https://www.anchorterminal.com/investors/b-capital-group/
- Markdown: https://www.anchorterminal.com/investors/b-capital-group/index.md (~850 tokens)
- Slim: https://www.anchorterminal.com/investors/b-capital-group/index.min.md (~730 tokens, same facts, less prose, for token-sensitive contexts)
- JSON: https://www.anchorterminal.com/investors/b-capital-group/index.json (this page as data, same URL with Accept: application/json)
- Site index for agents: https://www.anchorterminal.com/llms.txt (full text: https://www.anchorterminal.com/llms-full.txt)
- API: https://www.anchorterminal.com/api/v1/index.json
- MCP: https://www.anchorterminal.com/mcp (the whole catalogue as tools, no key)
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)
- Updated: 2026-10-28

Venture firm.

Website: https://www.b.capital

## Companies on Anchor Terminal

- **Lambda**, Series C, February 2024, through B Capital
  - [Lambda Cloud](https://www.anchorterminal.com/tools/lambda.md), graded D, 50.1/100
  - Source: https://lambda.ai/blog/lambda-raises-320m-to-build-a-gpu-cloud-for-ai
- **MoEngage**, Growth, 2021, through B Capital
  - [MoEngage](https://www.anchorterminal.com/tools/moengage.md), graded B, 65.3/100
  - Source: https://www.moengage.com/about-us/
- **Pendo.io, Inc.**, Series F, July 2021, led a round
  - [Pendo](https://www.anchorterminal.com/tools/pendo.md), graded D, 48.3/100
  - Source: https://www.pendo.io/news/pendo-raises-150-million-to-help-companies-deliver-software-that-meets-rising-user-expectations/
- **Reflection**, through B Capital
  - [Beam 1.0](https://www.anchorterminal.com/tools/reflection-beam.md), graded D, 53.4/100
  - [Mirror CLI](https://www.anchorterminal.com/tools/reflection-mirror.md), graded C, 54.3/100
  - Source: https://reflection.ai/blog/building-frontier-open-intelligencence

## Where they invest

- GPU & serverless compute, 1
- Lifecycle marketing & customer engagement, 1
- Product analytics & experimentation, 1
- Model APIs & inference, 1
- Agent harnesses, 1

## Founders they backed

- [Stephen Balaban](https://www.anchorterminal.com/people/stephen-balaban/), Lambda
- [Michael Balaban](https://www.anchorterminal.com/people/michael-balaban/), Lambda
- [Raviteja Dodda](https://www.anchorterminal.com/people/raviteja-dodda/), MoEngage
- [Yashwanth Kumar](https://www.anchorterminal.com/people/yashwanth-kumar/), MoEngage
- [Todd Olson](https://www.anchorterminal.com/people/todd-olson/), Pendo.io, Inc.
- [Erik Troan](https://www.anchorterminal.com/people/erik-troan/), Pendo.io, Inc.
- [Rahul Jain](https://www.anchorterminal.com/people/rahul-jain/), Pendo.io, Inc.
- [Eric Boduch](https://www.anchorterminal.com/people/eric-boduch/), Pendo.io, Inc.

## Questions

### Which AI tools has B Capital Group invested in?

Anchor Terminal lists Lambda, MoEngage, Pendo.io, Inc. and Reflection backed by B Capital Group.

### How are B Capital Group's companies graded?

On Anchor Terminal's benchmark, Lambda Cloud (D, 50.1), MoEngage (B, 65.3), Pendo (D, 48.3), Beam 1.0 (D, 53.4) and Mirror CLI (C, 54.3).

Investors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.

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