Overview

Pigment offers a financial planning and analysis platform that simplifies complex financial reporting and forecasting for businesses of all sizes. The platform operates on a software-as-a-service (SaaS) model, where clients subscribe and pay a recurring fee. Pigment's features include connectivity, processing power, and collaboration tools, which enhance the user experience and streamline financial processes. Unlike traditional spreadsheets, Pigment allows users to create detailed financial models covering various aspects such as human resources, revenue, expenses, and cash flow. This automation saves time and enables businesses to focus on analyzing data rather than just compiling it. The goal of Pigment is to provide a user-friendly solution that enhances financial decision-making for its clients.

Simplify's Take

What believers are saying

• Pigment raised $145m in Series D to expand its SaaS product in North America.
• Strategic partnership with Deloitte enhances Pigment's credibility in digital finance transformation.
• Pigment AI launch aims to deliver faster, smarter business insights for teams.

What critics are saying

• Increased competition from Anaplan and Adaptive Insights with expanding AI capabilities.
• Potential market saturation in North America could lead to pricing pressures.
• Challenges in maintaining data security due to stringent Canadian data protection laws.

What makes Pigment unique

• Pigment offers real-time data visualization for enhanced business decision-making.
• The platform integrates AI for predictive analytics and insights in financial planning.
• Pigment's user-friendly interface simplifies complex financial reporting and forecasting.

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Funding

Total Funding

$378.3M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Accel

Notable Investors:

Accel

$145,000,000

Series D

Apr 2024

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$145M

View all funding stages