Funding·October 20, 2026 at 4:00 PM EDT·4 sources
Nvidia-Backed Pigment Nabs $250 Million to Challenge Microsoft
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News
raise, log scale$250M
$100M$1B$10B$100B
What happened
- Pigment, a French AI company competing with Microsoft’s Excel and PowerPoint, raised $250 million.
- The financing values Pigment at $2.3 billion.
- Scaleup Europe Fund led the round, with participation from Nvidia Corp. and World Innovation Lab.
Funding raised
$250 million
Pigment valuation
$2.3 billion
Why it matters
The financing gives investors and advisers a significant new European AI funding event and strengthens Pigment’s challenge to established productivity software providers.
What to watch. The financing is set to be announced Tuesday.
Deal terms
raise
Pigment
Value
$250M
Investors
Scaleup Europe Fund, Nvidia Corp., World Innovation Lab
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Timeline
- First reported by BloombergOct 20Nvidia-Backed Pigment Nabs $250 Million to Challenge Microsoft
- Techmeme reportsOct 20Pigment, a French startup that makes AI-powered software to help businesses forecast finances, spin up slide decks, and more, raised $250M at a $2.3B valuation (Dina Bass/Bloomberg)
- PR Newswire reportsOct 21Pigment Raises $250M at $2.3B Valuation
- Sifted reportsOct 21Pigment raises $250m Series E led by Scaleup Europe Fund
Who is involved
Nvidia-Backed Pigment Nabs $250 Million to Challenge MicrosoftPigmenttargetScaleup Europe FundNvidia Corp.NVDAWorld Innovation LabMicrosoftMSFT
CompanyInvestor
Sources (4)
- BloombergOct 20Nvidia-Backed Pigment Nabs $250 Million to Challenge Microsoft
- TechmemeOct 20Pigment, a French startup that makes AI-powered software to help businesses forecast finances, spin up slide decks, and more, raised $250M at a $2.3B valuation (Dina Bass/Bloomberg)
- PR NewswireOct 21Pigment Raises $250M at $2.3B Valuation
- SiftedOct 21Pigment raises $250m Series E led by Scaleup Europe Fund
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