Paris-founded enterprise technology company Pigment has raised $250 million in a Series E round at a $2.3 billion valuation, giving one of Europe’s better-funded software companies more capital to challenge the spreadsheets and legacy planning systems used by large businesses.
Pigment said the Series E was led by the Scaleup Europe Fund, managed by EQT, with participation from World Innovation Lab and existing investors Greenoaks, ICONIQ, IVP and Meritech. Nvidia is also expected to participate.
Tech.eu reported that the fund is Europe’s new €5 billion vehicle intended to help scale future European technology leaders, with Pigment joining investments that include Mistral and ICEYE.
Pigment wants planning software to become autonomous
Founded by Eléonore Crespo and Romain Niccoli, Pigment provides software for financial planning, workforce management, sales forecasting and other business-planning workflows.
The company said it surpassed $100 million in annual recurring revenue earlier in 2026, after once again doubling year over year. It counts companies including Siemens, Unilever, Snowflake, ServiceNow, Anthropic and ElevenLabs among its customers.
But the more significant product shift is happening inside the platform.
Pigment says 85% of new metrics created on its platform are now generated by an agent, as the company moves from AI-assisted planning toward systems that can execute larger planning workflows themselves.
The money is going into the computing layer underneath the agents
Pigment plans to use much of the new capital for research and engineering around Graphite, its proprietary compute engine.
The Next Web reported that Graphite is designed to let thousands of people and software agents work against the same governed business model, while supporting workloads containing hundreds of billions of data points.
That is an important engineering problem.
Enterprise planning cannot tolerate the same uncertainty users might accept from a conversational chatbot. Forecasts, budgets and workforce models need numbers that remain consistent and explainable as people and automated systems modify them simultaneously.
Pigment argues that every result produced by its agents should therefore remain deterministic and traceable.
Large customers are becoming the real test
One of Pigment’s biggest deployments demonstrates the scale it is targeting.
The company says L’Oréal is replacing its existing salary-planning system with Pigment for more than 95,000 employees globally.
That moves the autonomous-planning idea beyond demonstrations.
For founders and investors, Pigment’s financing also says something about Europe’s technology strategy. The continent has spent years discussing how to prevent promising companies from moving abroad when they require growth capital. The Scaleup Europe Fund was created partly to address that gap.
Pigment now provides an early test.
The larger opportunity is not simply replacing Excel. It is determining whether European software companies can own the business decision infrastructure that increasingly sits between corporate data and the automated systems acting on it.
