Pigment raises $250 million at $2.3 billion valuation

Pigment has closed a $250 million Series E round at a $2.3 billion valuation, giving the Paris-based planning software maker a fresh war chest and a louder claim to the enterprise AI crown. The round is led by EQT’s Scaleup Europe Fund, with WIL, Greenoaks, ICONIQ, IVP and Meritech also in the mix. NVIDIA is listed as a planned participant.

The company says the money will go mostly into research and development and hiring engineers. The product focus is its Graphite engine, a patent-pending compute layer that Pigment says lets thousands of AI agents and humans work on the same governed model at once. That setup, in Pigment’s telling, is what turns planning from spreadsheets and dashboards into something closer to autonomous execution.

Pigment is already selling to big businesses. Danone, DirecTV, Siemens, Snowflake, ServiceNow and Unilever use the software instead of older systems. Anthropic, ElevenLabs and Uber are also customers, and L’Oréal recently picked Pigment to replace its salary planning tool for more than 95,000 employees worldwide.

The funding lands after a strong year. Pigment says it passed $100 million in annual recurring revenue in early 2025 and doubled year over year again. Now the company wants to push into new regions and keep growing, while also moving its agents from modelling and analysis toward full end-to-end planning workflows. Shannee Braun of EQT says the appeal is simple: one platform tying finance, sales and workforce planning together, with AI agents helping teams work in hours instead of months. That is the pitch, anyway. The hard part is making enterprise software actually behave like it deserves the word autonomous.