
What happened
Pigment closed a $250 million Series E at a $2.3 billion valuation, led by Scaleup Europe Fund managed by EQT, with WIL, existing investors, and a planned investment from NVIDIA.
Why it matters
The funding is aimed at accelerating Pigment's move toward autonomous planning for global enterprises, built on its proprietary Graphite engine, which positions it to expand into new regions.
What to watch
Pigment will use the capital to expand its presence and growth in new regions, building on momentum from surpassing $100 million in Annual Recurring Revenue (ARR) earlier this year, once again doubling year-over-year.
WHO IT HITSEnterprise planning teams evaluating or replacing legacy planning and performance-management systems now have a better-funded alternative: Pigment's larger balance sheet supports its push toward autonomous planning for large global deployments.
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Pigment's $250 million Series E comes after a year in which the company surpassed $100 million in Annual Recurring Revenue (ARR), once again doubling year-over-year. That milestone, disclosed alongside the raise, suggests the company has been adding revenue at a rapid clip while persuading large enterprises to drop legacy planning tools.
The investor list reflects a mix of new and existing backers: Scaleup Europe Fund managed by EQT led the round, WIL (World Innovation Lab) participated, and existing investors Greenoaks, ICONIQ, IVP, and Meritech joined, alongside a planned investment from NVIDIA. The company says the capital will accelerate its move toward autonomous planning, powered by its proprietary Graphite engine, and support expansion into new regions.
Pigment's customer base spans large enterprises such as Danone, DirecTV, Siemens, Snowflake, ServiceNow, and Unilever, as well as AI-focused organizations including Anthropic, ElevenLabs, and Uber. It also points to a recent selection by L'Oréal to replace its salary planning tool for more than 95,000 employees globally, an example of the kind of large-scale deployment the new funding is meant to support.
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