Nvidia-Backed Pigment Raises $250M to Take On Microsoft
TL;DR
French AI company, Pigment has raised $250 million at a $2.3 billion valuation as it aims to take on the dominance of Microsoft's Excel and PowerPoint. Co-CEO Eléonore Crespo explains why backing from Nvidia is a particular validation of the startup and how it’s looking to investors in Asia to help expand into that region. Crespo joins Ed Ludlow on “Bloomberg Tech. ” (Source: Bloomberg).
Nauti's Take
Small teams should test Pigment on one concrete planning process, such as budgeting or capacity planning. Check data imports, Excel compatibility, permission controls, and the effort required to keep models updated.
The funding signals strong investor confidence, but it does not yet prove that Pigment works better in daily operations than an existing spreadsheet workflow.
Summary
French AI company, Pigment has raised $250 million at a $2.3 billion valuation as it aims to take on the dominance of Microsoft's Excel and PowerPoint. Co-CEO Eléonore Crespo explains why backing from Nvidia is a particular validation of the startup and how it’s looking to investors in Asia to help expand into that region.
Crespo joins Ed Ludlow on “Bloomberg Tech. ” (Source: Bloomberg)
Sources