Understand this story
French AI office tool company Pigment has completed a $250 million financing round at a valuation of $2.3 billion. According to Zhidongxi citing Bloomberg, the round was led by Scaleup Europe Fund, with Nvidia and other institutions participating. Founded in 2019, the company's annual recurring revenue has surpassed $100 million, with customers including Google, Anthropic, Uber, and Siemens, and it plans to develop and deploy agents on top of enterprises' existing ERP software. Pigment hopes to compete for enterprise customers currently using AI office products from vendors such as Microsoft, Oracle, and IBM; L'Oréal is launching an AI compensation planning tool based on it for use by 95,000 employees. A 36Kr·AI report also mentions the size, valuation, lead investor, and participating investors of this financing round, and states that its annual recurring revenue has doubled compared with last year. There is currently no information on subsequent developments.
AI-generated from public reports
Latest development · Report
French AI office unicorn Pigment raises $250 million, with Nvidia participatingDevelopments
1 confirmed developments
- Source:Zhidx
Reports and discussion timeline
Browse reports and discussion by time. Their evidence levels remain distinct.
Oct 22
36Kr · AI
French AI office unicorn Pigment raises $250 million, with Nvidia participating
French AI office tool unicorn Pigment has completed a $250 million funding round at a valuation of $2.3 billion, led by Scaleup Europe Fund with participation from institutions including Nvidia. Its annual recurring revenue has surpassed $100 million, doubling from last year, with customers including Google, Anthropic, Uber, and Siemens, and it plans to compete for enterprise customers of vendors such as Microsoft, Oracle, and IBM.
Oct 21
Zhidongxi
French AI office unicorn Pigment raises $250 million, with Nvidia participating
According to Bloomberg, French AI office tool company Pigment has completed a $250 million funding round at a valuation of $2.3 billion, led by Scaleup Europe Fund with participation from Nvidia and other institutions. Founded in 2019, the company's annual recurring revenue has surpassed $100 million, with customers including Google, Anthropic, Uber, and Siemens, and it plans to develop agents deployed on top of enterprises' existing ERP software. Pigment aims to compete for enterprise customers currently using AI office products from vendors such as Microsoft, Oracle, and IBM, and L'Oréal is launching an AI compensation planning tool based on it for use by 95,000 employees.
Tech.eu
Scaleup Europe Fund Leads $250 Million Funding Round for Pigment
French enterprise software startup Pigment has completed a $250 million funding round at a valuation of $2.3 billion, led by the Scaleup Europe Fund managed by EQT, with participation from Nvidia and new and existing investors including Greenoaks, Iconiq, IVP, and Meritech. Pigment provides an enterprise business planning platform, and its customers include Siemens, Unilever, Anthropic, and ElevenLabs. The funds from this round will be used to accelerate R&D and expand its engineering team.
Heat trend for this story
- Current
- 6
- Period peak
- 11 Oct 23 03:00
- 24-hour change
- —
Move the pointer or select the chart to inspect hourly heat. Use the left and right arrow keys with a keyboard.