Pigment offers a flexible business planning SaaS platform that lets finance, sales, HR and supply-chain teams visualize historical performance, build forecasts, create reports and collaborate across functions. The product integrates with ERP, HRIS and data lakes and is optimized to handle large datasets and complex calculations. Pigment has added AI features that let users ask natural-language questions of their company data for quick answers. The company has developed modular capabilities to serve finance as well as HR, sales and supply-chain teams, positioning itself as a challenger to legacy Oracle and SAP tools. In 2023 Pigment tripled its revenue and doubled its customer base; roughly half of its clients are based in the U.S., and customers include Unilever, Datadog, Kayak and Merck. Executives say the product’s growth metrics place it among the top 5% of SaaS companies for revenue growth according to backer IVP. Pigment offers a collaborative, live business planning platform that aims to replace Excel for large companies by syncing data across views, enabling dashboards, reports and what-if scenarios. The product includes a spreadsheet view and connectors to dozens of enterprise systems (ERPs like NetSuite, SAP, Sage Intacct, Xero; HRIS such as Workday and BambooHR; data lakes including Snowflake, AWS Redshift and Google BigQuery) and Salesforce. Multiple teams use Pigment—finance for forecasting and reporting, sales for quota tracking, and HR for workforce planning—and only about 10% of customers use it solely for financial planning. Pigment recently added a spreadsheet interface to ease adoption by Excel users while keeping live synchronization across views. The company is building Pigment AI in partnership with OpenAI using the GPT-4 API to enable natural-language queries and optimized business scenarios; the feature is currently in beta and will roll out later in the year. Pigment reported 600% revenue growth in 2022 versus 2021 and counts customers such as Klarna, Miro, Airtable, Figma, Poshmark, Eventbrite, Mozilla and an unnamed French CAC40 company. Pigment develops a business planning and forecasting platform that aims to replace Excel for small companies and legacy planning products from Oracle or SAP for larger enterprises. The platform connects to tools like Salesforce, NetSuite, Workday and Snowflake to import, clean and enrich data, supports Excel-like formulas, and enables cross-sheet automatic updates. Customers use Pigment as a single source of truth, run what-if scenarios, and collaborate on the platform; examples include Webhelp, PayFit, Forto, Gong, Figma, Carta and ClickUp. Pigment is a SaaS product and allows customers to model scenarios such as product launches or layoffs to see financial impacts. The company reports strong growth metrics: about 170 employees, roughly 100 customers, and annual recurring revenue growing 5x in six months. CEO Eléonore Crespo said the company does not currently need more funding to become a stable long-term business, though it may raise again if market conditions change. Pigment built a platform that replaces traditional spreadsheet workflows with a drag-and-drop interface, enabling non-technical users to model data and run what-if scenarios. The product supports Excel syntax for users coming from spreadsheets and connects to Snowflake, Netsuite, Looker, Workday, Salesforce, Google Sheets and dozens of other data sources. Behind the interface, Pigment provides big-data analytics and collaboration tools for viewing, commenting on, and iterating plans. The company initially targets finance and revenue planning and intends to build modeling and forecasting templates for HR, sales and marketing. Pigment says it has seen a surge of business and lists customers including Algolia, Gong, Melio, Deliveroo, Spendesk, Blablacar and Cheerz. Leadership includes CEO and co-founder Eléonore Crespo and co-founder Romain Niccoli, whose prior roles informed the product vision. Pigment offers a dashboard-like business forecasting platform designed to replace error-prone spreadsheets and inflexible legacy planning software. Its beta product presents real-time charts, simulations and continuous modeling to support complex, modern business planning. The company has secured large-scale enterprise and pre-IPO startup clients, including a major European bank that it declined to name. Pigment positions itself as a competitor to established planning incumbents like Anaplan and Workday. Co-founded in 2019 by Eléonore Crespo and Romain Niccoli, the team emphasizes a more creative, flexible approach to strategy and planning. The company recently completed a major Series A, strengthening its financial position for growth and product development.

Total raised

$397M

Funding rounds

5

Latest round

Series D

Latest activity

Apr 2024