The French corporate strategy firm Pigment recently secured an impressive $145 million in investment. This boosts Pigment’s total capital to a staggering $181 million. Founded just five years ago, Pigment has rapidly advanced in the tech industry with their cutting-edge corporate planning tool.
This software employs artificial intelligence to empower global businesses in making data-driven decisions in real time. It’s about “augmented decision-making”, transforming complex strategic planning into an efficient and accurate process. Significantly, it’s capable of revealing hidden trends and insights by processing vast data, ensuring companies maintain a competitive edge in the tough market landscape.
The magnitude of financial support Pigment has drawn is intriguing and comes against a backdrop of France’s receding investment rounds. Yet, they managed to set themselves apart through a Series D investment round steered by Iconiq Growth.
Pigment’s significant funding for AI corporate strategy tool
Other major contributors are Sandberg Bernthal Venture Partners, IVP, Meritech, Greenoaks, and Felix Capital, all of whom demonstrate strong faith in Pigment’s potential.
Pigment’s financial success is no secret. By 2023, they had tripled their revenue and doubled their client base. High-profile clients such as Unilever, Datadog, Kayak, and Merck contribute to their customer portfolio, a substantial number of whom are in the U.S.
Pigment’s adaptive corporate planning tool is specially designed for top-tier financial entities. Users can generate elaborate reports and budgets, facilitating cooperation across all corporate data sources. It provides a unified view of all financial data, enabling improved decision-making and promoting transparency. Security, importantly, is prioritized, with sensitive information meticulously shielded.
Founded by Eléonore Crespo and Romain Niccoli, Pigment aims to challenge conventional tools offered by established tech giants such as Oracle and SAP. They leverage AI to provide quick responses, with an ultimate aim of becoming a valuable player in the enterprise software market.
