Paris-based enterprise software company Pigment has raised $250 million in a Series E funding round led by Scaleup Europe Fund, managed by EQT, at a valuation of $2.3 billion.
The round included participation from WIL (World Innovation Lab) and existing investors Greenoaks, ICONIQ, IVP, and Meritech. NVIDIA also plans to invest in the company.
Founded in 2019 by Eléonore Crespo and Romain Niccoli, Pigment provides an AI-powered business planning and performance management platform designed to help enterprises manage financial, operational, and strategic planning.
Its software brings together financial forecasting, workforce planning, sales planning, and supply chain management. The platform combines dynamic financial modeling, real-time analytics, and AI agents to help organizations analyze business data, evaluate scenarios, and coordinate decisions across departments.
Pigment’s technology is powered by Graphite, its proprietary compute engine, which supports collaborative planning across large datasets. The company is developing AI agents capable of automating planning activities, including building models, analyzing information, and executing planning workflows.
Pigment intends to use the new funding to accelerate research and development, expand its engineering team, advance Graphite and its AI agents, and support expansion into additional international markets.
The company reported that its annual recurring revenue exceeded $100 million in 2026, doubling year over year. It also stated that AI agents now create 85% of new metrics on its platform.
Pigment’s customers include Danone, Siemens, Snowflake, ServiceNow, Unilever, Anthropic, ElevenLabs, and Uber. L’Oréal is also deploying Pigment to support salary planning for more than 95,000 employees globally.
Before the latest financing, Pigment raised $145 million in a Series D round in April 2024, led by ICONIQ Growth, with participation from Sandberg Bernthal Venture Partners, IVP, Meritech, Greenoaks, and Felix Capital.
