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Pigment raises $88M to tackle Microsoft Excel with a flexible enterprise planning platform
Paris-based startup Pigment has secured a Sequence C funding spherical of $88 million for its enterprise planning platform with Iconiq Progress because the lead investor. The funding additionally options present buyers Meritech, IVP, and FirstMark, whereas angel investor Julien Codorniou is investing within the startup by his VC agency Felix Capital. Pigment needs to tackle Microsoft Excel by providing enterprise software program merchandise like Oracle and SAP a greater enterprise planning different.
A Versatile Platform for Massive Firms
Pigment’s enterprise planning platform is a flexible product that works for a number of groups in giant corporations, making it doable for chief monetary officers, HR groups, and gross sales staff leaders to assemble their enterprise knowledge to create stories and plan for the longer term. Pigment is a generic software that can be utilized for carbon accounting and monitoring of complete emissions. It not too long ago added a brand new spreadsheet view to make sure Excel customers really feel at residence when inputting formulation.
Why Pigment Stands Out
In comparison with Microsoft Excel, Pigment is a stay product attributable to its integration with dozens of enterprise software program merchandise, together with HR info techniques, ERPs, knowledge lakes, Salesforce, and others. As soon as knowledge is imported, groups can construct their very own views, generate stories, and create dashboards. Information is recurrently up to date throughout all views, making collaboration simpler.
An Unintended Funding Spherical
Regardless of working circumstances that had been robust attributable to difficulties in start-up funding, Pigment has grown its income by 600% in 2022 in comparison with 2021. Some notable corporations utilizing the platform embrace Miro, Klarna, Airtable, Figma, Mozilla, Webhelp, and a French CAC40 public firm whose title stays nameless. Whereas Crespo stays tight-lipped about its analysis following the latest funding spherical, she revealed that a number of American funds instructed me ‘we might like to take a position now and give you nice phrases. You’ve a product that’s actually mission important for any firm.’ Pigment has signed a partnership with OpenAI to work on Pigment AI, a productiveness software that queries knowledge utilizing pure language. Pigment AI is at present present process beta testing and can be launched later within the 12 months.
Conclusion
Pigment’s rise to grow to be an indispensable instrument for large companies’ planning, forecasting and stories wants is spectacular, from unintentional funding to partnering with OpenAI and rolling out Pigment AI to the world. The Pigment platform guarantees to be an Excel-beating game-changer.
FAQ Part
What’s Pigment’s Enterprise Planning Platform?
Pigment is an enterprise planning platform constructed to supply a greater enterprise planning different than enterprise software program merchandise like Oracle, SAP, and Microsoft Excel.
What corporations are utilizing Pigment’s platform?
A few of Pigment’s shoppers embrace Klarna, Miro, Airtable, Figma, Mozilla, Webhelp, and a French CAC40 public firm whose title stays nameless.
What’s Pigment AI, and the way does it work?
Pigment AI is Pigment’s productiveness software that makes use of pure language to question knowledge. It’s at present present process beta testing and can be rolled out later this 12 months.
How does Pigment’s platform differ from Microsoft Excel on the subject of enterprise planning?
Pigment’s platform is a stay product attributable to its integration with dozens of enterprise software program merchandise, together with HR info techniques, ERPs, knowledge lakes, Salesforce, and others. As soon as knowledge is imported, groups can construct their customized views, generate stories and create dashboards. Pigment AI will optimize enterprise eventualities to assist companies make the perfect choices.
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