Pilot has prolonged its Sequence C funding spherical to herald a complete of $100 million with additional funding from Whale Rock Capital and Bezos Expeditions, turning into a unicorn with a $1.2 billion valuation, based on an announcement from the corporate.
“That’s $100 million to place towards fixing extra areas of the again workplace, for extra firms than ever earlier than. We couldn’t be extra excited for what comes subsequent – or grateful to the purchasers and companions who’ve helped us get right here,” Pilot CEO and Co-founder Waseem Daher mentioned within the announcement.
Pilot focuses on bookkeeping, chief monetary officer (CFO) and tax providers for know-how upstarts, based on the announcement. The company’s website says that it “powers the monetary again workplace for startups and small companies,” including that “if you work with Pilot, you get a staff of finance specialists who take the work off your plate – so you possibly can deal with what you are promoting.”
Daher, who holds a pc science diploma from the Massachusetts Institute of Know-how (MIT), is a three-time entrepreneur. Oracle acquired one in every of his firms, Ksplice, in 2011, whereas Dropbox bought one other of his firms, Zulip, in 2014.
Bezos Expeditions is the non-public funding firm of Jeff Bezos, whereas Whale Rock Capital “is a high $10 billion public fund, with an evergreen mandate,” based on the announcement.
The information comes as PYMNTS reported in January that Pilot had landed $60 million through a brand new Sequence C funding spherical that was led by Sequoia Capital. On the time, it was reported that Pilot would use that infusion to bolster its back-office providers to remove distractions and assist companies focus extra on enterprise. Pilot has lengthy been working to assist small to medium-sized companies (SMBs) entry the kinds of monetary capabilities accessible to bigger companies.
“By way of our partnership with Sequoia, we will make the answer of a greater again workplace a actuality for extra firms than ever,” Daher mentioned on the time.