Overview

Pigment offers a financial planning and analysis platform that simplifies complex financial reporting and forecasting for businesses of all sizes. The platform operates as a software-as-a-service (SaaS), allowing clients to subscribe and pay a recurring fee for access. Pigment's features include connectivity, processing power, and collaboration tools, which enhance the user experience and differentiate it from other financial planning tools. Users can create detailed financial models covering various aspects such as human resources, revenue, expenses, and cash flow, which traditional spreadsheets often cannot handle effectively. By automating financial processes, Pigment enables businesses to save time and focus on analyzing data to improve their operations.

Simplify's Take

What believers are saying

• Pigment's integration with AI tools enhances predictive insights and automation.
• The SaaS model aligns with the trend towards cloud-based financial planning tools.
• Pigment's expansion into North America is supported by recent funding rounds.

What critics are saying

• Competition from Anaplan and Adaptive Insights threatens Pigment's market share.
• Economic downturns could impact Pigment's subscription-based revenue model.
• Expansion into North America may face regulatory and market challenges.

What makes Pigment unique

• Pigment offers real-time data processing and visualization for financial planning.
• The platform supports complex financial models beyond traditional spreadsheets.
• Pigment's user-friendly interface simplifies financial reporting and forecasting.

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Funding

Total Funding

$388.9M

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