Home / Business and Economy / Pigment Secures $250M to Fuel AI-Driven Planning Growth
Pigment Secures $250M to Fuel AI-Driven Planning Growth
21 Oct
Summary
- Pigment's annual recurring revenue surpassed $100 million, doubling from the previous year.
- The company secured $250 million in Series E funding, valuing it at $2.3 billion.
- New funding will accelerate R&D for its AI agents and proprietary compute engine.
Pigment, a Paris-based AI business planning company, has successfully closed a $250 million Series E funding round, bringing its valuation to $2.3 billion. This significant investment was led by the Scaleup Europe Fund, managed by EQT, with participation from notable investors including World Innovation Lab and Nvidia.
The company announced that its annual recurring revenue has exceeded $100 million this year, representing a doubling from the previous year's figures. Pigment anticipates repeating this growth trajectory in the upcoming year.
This new capital infusion is designated for enhancing research and development efforts, particularly for Graphite, its proprietary compute engine, and the AI agents that operate on it. Pigment also intends to broaden its global presence, with plans for expansion into Asian markets.
