WORLDTECHPigment raises $250M to challenge Microsoft’s Excel and PowerPoint
What happened
20, 2026 Pigment, a Paris-based AI software startup, has raised $250 million to take on two of the most entrenched programs in corporate life: Microsoft Excel and PowerPoint. Microsoft is a software and software development company based in Redmond.
The round, closed on October 20, 2026, values the company at $2.3 billion post-money. Nvidia and World Innovation Lab joined as new participants.
Pigment's funding surge signals a shift in enterprise software, challenging established giants and potentially reshaping business planning tools. Who wrote the checks The Scaleup Europe Fund led the financing.
Existing backers Iconiq, IVP and Meritech Capital also came back for more. Nvidia’s involvement was not a total surprise.
CEO Jensen Huang had hinted at the investment during an earlier visit to France. The headline metric behind the valuation is revenue.
Pigment’s annual recurring revenue has passed $100 million, doubling from the previous year.