Pigment raises $250M at $2.3B valuation in Series E
Pigment announced a $250 million Series E round at a $2.3 billion valuation, led by EQT-managed Scaleup Europe Fund, with World Innovation Lab and existing investors participating. Bloomberg Technology also reported the round and described Nvidia as a participant, while The Next Web reported that Nvidia's stake and investment amount had not been finalized. Pigment said annual recurring revenue exceeded $100 million and that agents created 85% of new platform metrics, while most proceeds were earmarked for research, engineering hires, Graphite, and end-to-end planning agents.
The financing is a substantial vote of confidence for an AI enterprise-planning company competing with products such as Microsoft Excel and PowerPoint, but Nvidia's investment status remains unsettled.
Pigment, a Paris-based AI software maker for business planning, announced on Wednesday that it raised $250M in a Series E round, valuing the company at $2.3B. Nvidia also plans to invest, adding to its recent European bets.
The Scaleup Europe Fund, managed by Swedish investment firm EQT, led the round. The Scaleup Europe Fund is backed by the European Commission alongside private investors such as Allianz and Novo Holdings. It aims to raise €5B and started investing this year, with the goal of keeping fast-growing European tech companies from raising money abroad.
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