Pigment raises $250 million at $2.3 billion valuation

Oct 21, 2026
Pigment raised a $250 million Series E at a $2.3 billion valuation. The company will expand its engineering team and develop its Graphite compute engine and AI agents.

Pigment raised a $250 million Series E at a $2.3 billion valuation, the company said in a press release. The round was led by Scaleup Europe Fund, which is managed by EQT, with participation from WIL, existing investors including Greenoaks Capital, ICONIQ, IVP and Meritech, and a planned investment from NVIDIA.

Pigment said it passed $100 million in annual recurring revenue earlier in 2026, doubling from the previous year. It also said AI agents now create 85% of new metrics on its business planning platform.

The company will use the funding to expand its engineering team and develop Graphite, its proprietary compute engine. Pigment also plans to extend its AI agents from building models and analyzing data to running complete planning workflows.

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