Pigment raises $250 million Series E at $2.3 billion valuation for agentic AI platform

French business planning startup Pigment raised $250 million in Series E funding at a $2.3 billion valuation to expand its agentic AI platform and Graphite compute engine. Led by Scaleup Europe Fund with backing from Nvidia, Pigment surpassed $100 million in annual recurring revenue while targeting legacy market share held by Microsoft, SAP, and Oracle. Major clients including L'Oreal, Danone, and Anthropic are adopting Pigment to automate complex enterprise data workflows and operations.

Series E funding details

• ▪The Scaleup Europe Fund led Pigment's Series E funding round, with participation from Nvidia Corp., World Innovation Lab, Iconiq, IVP, and Meritech Capital.
• ▪French enterprise software company Pigment raised $250 million in a Series E funding round at a valuation of $2.3 billion in October 2026.
• ▪Pigment co-founder and CEO Eléonore Crespo stated that Pigment plans to include Asian investors in its Series E round to support expansion into Asia.
• ▪Investment firm EQT manages the Scaleup Europe Fund, which led Pigment's $250 million Series E funding round.

Revenue growth and projections

• ▪Pigment co-founder Eléonore Crespo stated that the company expects its annual recurring revenue to double again next year.
• ▪Pigment surpassed $100 million in annual recurring revenue, doubling its revenue from the previous year.

AI agents for enterprise workflows

• ▪Pigment plans to build AI agents that operate on top of enterprise resource planning software for tasks including accounting and human resources.
• ▪Pigment co-founders Eléonore Crespo and Romain Niccoli stated that autonomous planning run by end-to-end AI agents will allow companies to respond immediately to operational changes.
• ▪EQT managing director Shannee Braun stated that Pigment's platform allows clients to run AI agents across planning processes in supply chain, sales, and headcount management.

Graphite compute engine

• ▪Pigment will use its Series E capital to upgrade Graphite to handle larger workloads while transitioning its AI agents from constructing models to managing end-to-end planning workflows.
• ▪Pigment's Graphite compute engine enables thousands of AI agents and human users to collaborate simultaneously on governed models across hundreds of billions of data points with traceable results.

Enterprise customer adoption

• ▪Danone, DirecTV, Siemens, Snowflake, ServiceNow, and Unilever utilize Pigment, while Anthropic, ElevenLabs, and Uber use Pigment as a reasoning runtime for enterprise data.
• ▪French cosmetics company L'Oreal SA is deploying Pigment as a salary-planning tool across its 95,000 employees.

Competition with legacy software

• ▪Pigment co-founder Eléonore Crespo stated that Pigment is competing to win enterprise customers from legacy software vendors including SAP SE, Oracle Corp., IBM Corp., and Anaplan Inc.
• ▪Founded in 2019, Pigment develops AI-powered operational and financial planning software designed to compete with Microsoft Corp.'s Excel and PowerPoint products.