Competing with Microsoft for customers, AI office unicorn raises 1.6 billion, Nvidia invested

What happened: Pigment, a French AI office software unicorn, closed a $250 million funding round led by Scaleup Europe Fund, with Nvidia and others participating. Why it matters: CEO Eleonore Crespo expects revenue to double again next year and aims to add Asian investors for regional expansion. The round reflects Europe's growing enterprise AI application ecosystem, though undifferentiated tools may struggle to win customers from Microsoft and SAP.

Pigment, a French AI office software unicorn, closed a $250 million funding round led by Scaleup Europe Fund, with Nvidia and others participating.

CEO Eleonore Crespo expects revenue to double again next year and aims to add Asian investors for regional expansion. The round reflects Europe's growing enterprise AI application ecosystem, though undifferentiated tools may struggle to win customers from Microsoft and SAP.