Pigment raises $250 million at $2.3 billion valuation

Pigment’s platform uses generative AI to automate tasks traditionally done in Microsoft Excel and PowerPoint, allowing businesses to model financial scenarios and produce presentation decks more quickly. Customers can input raw data and receive automatically generated forecasts, visualizations, and ready‑to‑use slide decks, reducing manual effort. The infusion of capital is expected to accelerate product development and expand its go‑to‑market efforts, positioning the firm as a stronger competitor to Microsoft’s office suite.

The raise follows a wave of large investments in AI‑enabled business applications, as companies seek to embed generative models into everyday workflows. Analysts see Pigment’s valuation as a sign that the market expects AI to reshape finance and presentation workflows beyond traditional spreadsheet and slide tools. If successful, Pigment could pressure Microsoft to integrate more advanced AI features into its Office products.