Pigment raised $250 million in a new funding round. The round values the company at $2.3 billion. Scaleup Europe Fund led the investment. Nvidia and World Innovation Lab also participated. Existing investors Iconiq, IVP and Meritech Capital joined. Pigment plans to add Asian investors for regional expansion. The company builds AI-powered office software. It competes with Microsoft Excel and PowerPoint. Pigment targets finance forecasting, slide decks and operations planning. L’Oreal is rolling it out for salary planning across 95,000 employees. Pigment passed $100 million in annual recurring revenue. It expects to double that figure next year.
What it unlocks
Expanding into Asia with new investors.
- $250 million raised
- $2.3 billion valuation
- $100 million annual recurring revenue
Sources