Finance

Jeff Bezos-backed start-up Pilot hits $1.2 billion valuation

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Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO)

Pilot

Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks.

The San Francisco-based company closed a $100 million funding round this week, doubling its valuation to $1.2 billion. The round was led by Bezos‘s venture capital firm Bezos Expeditions and hedge fund Whale Rock Capital, with participation from Sequoia and Index Ventures. Stripe and its founders, Patrick and John Collison, as well as former VMware CEO Diane Greene had previously invested in Pilot.

Its co-founder and CEO Waseem Daher interned at…



Source cnbc.com

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