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Pigment

Unicorn · $1B

Paris, FR · 11 known investors

Find your way into Pigment

822 people in our graph share verified history with the Pigment team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows Jay Peir · together at Stanford University (overlapped)
×6knows the team · via Stanford University
×4knows the team · via Stanford University Graduate School of Business
knows the team · via Cypress Semiconductor

Pigment offers an AI-based enterprise performance management (EPM) platform for business planning, forecasting, and reporting used by finance, sales, workforce, and supply chain teams. Built on its patent-pending Graphite technology, it centralizes data from ERP, CRM, and HRIS systems and supports scenario modeling and AI agents for large enterprises.

Also known as Pigment SAS

Founders & leadership

ECEléonore Crespo
Eléonore CrespoinCo-Founder & Co-CEO
RNRomain Niccoli
Romain Niccoliin𝕏Co-Founder & Co-CEOHe has a background in science and computer science.
JPJay Peir
Jay PeirinChief Financial OfficerJay Peir held finance and strategy leadership roles at Tableau, where he led strategic planning, financial planning and analysis, and integration efforts during the company's IPO and subsequent $15.7B acquisition by Salesforce. He brings over a decade of finance experience spanning FP&A, investor relations, treasury, and corporate development, and now serves as Chief Financial Officer at Pigment, an enterprise performance management platform.

Investors · 11

Also in the syndicate · 2

MeritechSandberg Bernthal Venture Partners

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$1Bvaluation at Series DApr 2024
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Pigment is a Paris-based enterprise software company that develops an AI-native integrated business planning platform. The product combines a patent-pending multi-dimensional modeling engine, a unified governed data layer and a real-time calculation engine, allowing organizations to build financial and operational models, compare forecasts to actuals across scenarios, and report on performance. It integrates with source systems such as ERP, HRIS and data lakes, and is used as a collaboration environment across functions rather than solely by finance.

Beyond FP&A and consolidation, Pigment provides modules for sales planning (quotas, territories, capacity), HR and headcount planning, and supply chain planning covering demand, inventory and profitability. Agentic AI features are positioned as core to the platform: a Modeler Agent builds and evolves governed models from natural-language intent, an Analyst Agent monitors metrics, flags anomalies and produces reports, and a Planner Agent for scenario simulation and recommendations is listed as forthcoming. The company also offers an MCP Server that connects planning data to Anthropic's Claude.

Independent vendor assessment describes Pigment as strong in core FP&A, ease of use and implementation speed, with more limited capability in financial close and consolidation, where it supports basic multi-entity consolidation and currency translation but is not intended as a primary close platform. Its modeling engine is characterized as handling up to 500M+ cells, less than the largest legacy engines but sufficient for most mid-market and upper-mid-market planning workloads.

Founding story

Eléonore Crespo, an ENS Paris-Saclay physics alumna (2008) who later took a master's degree at École des Mines and worked at Google, JCDecaux and the VC firm Index Ventures, contacted Romain Niccoli, co-founder and CTO of the adtech company Criteo, out of a desire to build her own company. The two spent close to a year brainstorming without constraints before settling on the concept. The company was founded in 2019 with the aim of improving how large businesses plan and adapt to change, the founders having observed that no existing tool was both easy to use and robust enough for enterprise complexity. The name draws on painting: as many pigments combine into a coherent picture when viewed from a distance, the software is intended to assemble raw business data into a clear view.

Business model

Pigment sells a cloud-only, subscription SaaS planning platform to enterprise and mid-market organizations. The platform is deployed on major public clouds (AWS, Google Cloud, Azure) with regional data residency options, and no on-premise or hybrid option is offered. Delivery is supported by an ecosystem of consulting and implementation partners, including Deloitte, Slalom and BearingPoint, which the company has said were central to its customer growth.

Recurring software subscription revenue, tracked internally as ARR. Third-party review material reports ARR approaching $100 million and doubling year over year for three years, and positions Pigment's pricing at roughly 40-50% of comparable Anaplan cost for mid-market deployments.

Traction

For 2023 Pigment reported tripling ARR, doubling its global customer base and tripling its enterprise customer count. As of April 2024, 90% of customers used the platform across multiple departments and about half of customers were in the United States. Third-party material reports ARR approaching $100 million with roughly 2x year-over-year growth over three years, a $1 billion valuation, a 4.7/5 G2 rating, and headcount of about 656 in February 2026, up from around 500 at the time of the 2024 Series D. The company cites high NPS scores and recognition from Gartner Peer Insights, G2 and Dresner.

Latest developments

Recent activity centers on agentic AI for planning: the Modeler Agent has been released, the Analyst Agent is available for monitoring and reporting, and a Planner Agent for real-time scenario simulation is announced as coming soon. Pigment has published an MCP Server integration connecting planning data to Anthropic's Claude, with Anthropic described as both a technology partner and a customer. Announced customer wins include Virgin Voyages (May 2026) and Crédit Agricole Nord de France (May 2026), and in August 2026 the company announced an expansion of its global partner ecosystem. It has also reported a first-place ranking for agentic AI in EPM from Dresner and Gartner Visionary placement in 2025.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Pigment competes in the enterprise planning and performance management market against Anaplan, Workday Adaptive Planning, Vena Solutions, Prophix and legacy suites from Oracle and SAP, and has described itself as a challenger that must offer a better product to win. Independent vendor guidance characterizes it as a category leader for modern, fast-to-value enterprise planning best suited to mid-market and upper-mid-market organizations, while recommending Anaplan for Fortune 500-level dimensional complexity and close specialists for consolidation-led requirements. Investor IVP's SaaS benchmarking placed Pigment in the top 5% of SaaS companies by revenue growth rate, according to co-CEO Crespo, and the company reached unicorn status in 2024.

Pigment positions itself as a modern alternative to legacy planning tools, emphasizing AI built into the platform's foundation rather than added on, flexible modeling that allows structures, hierarchies and assumptions to change without rebuilding models, and a user experience intended for non-technical business users. Third-party review material cites implementation timelines of two to four months versus four to twelve months for Anaplan, a modern interface, and lower total cost of ownership, while noting weaker financial close, consolidation and narrative/disclosure reporting capabilities relative to specialists such as OneStream and Fluence.

Technology

The platform uses a cloud-native architecture built around a patent-pending multi-dimensional modeling engine supporting flexible business logic, custom hierarchies and complex calculations, a unified governed data layer, a real-time dynamic calculation engine, and elastic scale for agentic AI workloads. Reported performance is up to 500M+ cells with real-time recalculation. Connectors ingest data from ERP, HRIS, CRM and data lake systems. AI features include natural-language querying of company metrics and the Modeler, Analyst and (forthcoming) Planner agents, plus an MCP Server that exposes planning data to Anthropic's Claude. Deployment is cloud-only across AWS, Google Cloud and Azure with regional data residency options; the corporate website is hosted by Google Ireland Limited.

Go-to-market

Pigment sells directly to enterprise and mid-market organizations, supported by a global partner ecosystem of consultancies and system integrators. Marketing leans on customer case studies and testimonials from finance, revenue operations and strategic finance leaders, analyst recognition (Gartner Peer Insights, G2, Dresner), and events such as the company's multi-day online SWTCH conference. Regional leadership hires have been used to build out EMEA and North American revenue coverage.

Large enterprises and mid-market to upper-mid-market organizations (roughly $50M to $10B+ in revenue), with buyers in FP&A, strategic finance, revenue operations, HR and supply chain planning. Named customers reported across sources include Unilever, Merck, Datadog, Keolis, Kayak, Snowflake, Klarna, Figma, Deliveroo, Brex, Carta, PVH, Uber, Siemens, Airtable, Miro, Supercell, Evenflo and Anthropic, plus French public sector bodies such as SNCF and the cities of Lyon and Marseille. Adoption is described as strongest among software, technology, financial services and fast-growing companies, and 90% of customers were reported to use the platform in more than one department.

Geography

Headquartered at 8 rue Sainte-Cécile in the 9th arrondissement of Paris, France, and incorporated as Pigment SAS (Paris registration number 852785914). The company operates in Europe and North America, with customer experience and product support teams across both regions; about half of its customers were reported to be based in the United States as of April 2024. Reference data describes employees across multiple continents including Europe, North America and Asia.

History

Pigment was founded in 2019 in Paris by Eléonore Crespo and Romain Niccoli, following roughly a year of joint exploration of business ideas. During 2023 the company reported tripling ARR, doubling its global customer base and tripling its enterprise customer count, while releasing more than 100 new platform features and making senior hires including Jay Peir (Global Head of Strategy, from Tableau), Sean Brophy (Global Head of Sales, from Alteryx) and Edouard Beaucourt (Head of EMEA, from Snowflake). In April 2024 it raised a $145 million Series D led by ICONIQ Growth, reaching unicorn status about five years after inception and employing around 500 people at the time. Subsequent developments include expansion into the French public sector, the release of agentic AI capabilities such as the Modeler Agent and Analyst Agent, and continued growth in the United States and Europe, with headcount reported at roughly 656 in February 2026.

Risks & controversies

Reported product limitations include restricted financial close and consolidation functionality, with intercompany eliminations described as basic and the platform judged unsuitable as a primary close system; advanced narrative and disclosure reporting typically requires supplementary tools. The platform is cloud-only, ruling out organizations that require on-premise or air-gapped deployment, and its modeling engine is described as less dimensionally extreme than Anaplan's for Fortune 50-scale models. The company also operates in a French funding environment where large software rounds have been scarce, with French tech funding down 38% in 2023 versus 2022.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesFeb 2026656 people
G2 ratingJan 20264.7 out of 5
Share of customers based in the U.S.Apr 202450%
Share of customers using Pigment in multiple departmentsApr 202490%
Total funding raisedJan 2026$397M
ValuationApr 2024$1B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 12

launches, deals, and filings
Aug 2026
Pigment expands global partner ecosystem

Pigment announced an expansion of its global partner ecosystem to accelerate AI enterprise planning transformation.

source ↗

May 2026
Virgin Voyages selects Pigment for financial planning

Virgin Voyages selected Pigment to modernize its financial planning.

source ↗

May 2026
Crédit Agricole Nord de France selects Pigment

Crédit Agricole Nord de France chose Pigment to transform its performance management.

source ↗

Jan 2026
Ranked #1 for Agentic AI in EPM by Dresner

Pigment reported being ranked first for Agentic AI in enterprise performance management by Dresner.

source ↗

Jan 2026
Modeler Agent release

Pigment released the Modeler Agent, which builds and evolves governed planning models from natural-language descriptions of intent; Analyst Agent is also available and a Planner Agent is listed as coming soon.

source ↗

Jan 2025
Gartner Visionary 2025 and Peer Insights Customers' Choice

Pigment listed as a Gartner Visionary in 2025 and recognized as Customers' Choice in Gartner Peer Insights.

source ↗

Jan 2025
Expansion into the French public sector

Pigment expanded into the French public sector, working with SNCF and the cities of Lyon and Marseille.

source ↗

Apr 2024
Pigment announces $145M Series D led by ICONIQ Growth

Pigment announced a $145 million Series D round led by existing investor ICONIQ Growth, with Sandberg Bernthal Venture Partners, IVP, Meritech, Greenoaks and Felix Capital participating. Coverage reported the round was raised at a significantly higher valuation than the prior round, less than a year later.

$145M source ↗

Apr 2024
Senior hires: Jay Peir, Sean Brophy and Edouard Beaucourt

Pigment said Jay Peir joined as Global Head of Strategy from Tableau, Sean Brophy as Global Head of Sales from Alteryx, and Edouard Beaucourt of Snowflake was joining as Head of EMEA in France.

source ↗

Apr 2024
Partnerships with Deloitte, Slalom and BearingPoint

Pigment reported working with implementation and consulting partners including Deloitte, Slalom and BearingPoint.

source ↗

Jan 2024
Over 100 new platform functionalities and upgrades released in 2023

Pigment stated it released more than 100 new functionalities and upgrades to its platform during 2023.

source ↗

Jan 2023
Selected for France's Next40

Eléonore Crespo became the first woman to join the Next40, the French government label supporting 40 young French companies seen as likely future tech leaders.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Pigment do?
Paris-based Pigment develops an AI-native enterprise business planning platform for finance, sales, HR and supply chain teams.
Who founded Pigment?
Pigment was founded by Eléonore Crespo, Romain Niccoli.
Who are Pigment's investors?
Pigment's investors include FELIX CAPITAL, Greenoaks, ICONIQ Growth, FirstMark Capital, Frst, ICONIQ, IVP (Institutional Venture Partners), Blossom Capital and 1 more.
Where is Pigment headquartered?
Pigment is headquartered in Paris, FR.