Pigment raises a $250M Series E at a $2.3B valuation led by the Scaleup Europe Fund, with NVIDIA planning to invest

Pigment has raised a $250 million Series E at a $2.3 billion valuation, led by the Scaleup Europe Fund, the EU-backed vehicle managed by EQT. WIL (World Innovation Lab) joined existing investors Greenoaks, ICONIQ, IVP and Meritech, and NVIDIA has a planned investment in the round.

Founded in Paris by Eléonore Crespo and Romain Niccoli, Pigment sells an AI business planning and performance management platform that connects finance, sales and workforce planning on its own compute engine, Graphite.

Pigment passed $100 million in annual recurring revenue earlier this year, doubling again year on year, and says 85% of new metrics on the platform are now created by an agent. Customers include Danone, Siemens, Unilever, Anthropic and Uber; L'Oréal is deploying it for salary planning across more than 95,000 employees.

The money goes into R&D, Graphite and expansion into new regions.