Xona, which plans to deploy a 258-satellite low-Earth orbit constellation as a commercial alternative to GPS, raised a $250M Series D at a $2.45B valuation

Enterprise AI planning platforms now command valuations over 20x ARR, indicating significant investor confidence in AI's ability to manage core business functions.

The AI business planning and performance management platform Pigment has secured $250 million in Series E funding, valuing the company at $2.3 billion. The round was led by EQT's Scaleup Europe Fund, with participation from new investor World Innovation Lab and existing backers like Greenoaks and Meritech. Nvidia also plans to invest. Pigment's platform integrates finance, sales, and workforce data, enabling AI agents to build and execute business plans, a capability the company terms "autonomous planning." This generative AI application moves beyond simple chatbots to directly create and manage critical business calculations. Pigment reports surpassing $100 million in annual recurring revenue (ARR) this year, doubling year-over-year for the second consecutive year, and anticipates doubling again next year. The company claims AI agents now generate 85% of new metrics on its platform, used by enterprises such as Danone, Siemens, and L'Oréal, which is replacing its global salary-planning tool with Pigment.

Pigment's success and high valuation highlight a significant trend in enterprise software: the shift from AI as a conversational tool to AI as an autonomous operational engine. By enabling AI agents to directly build and run financial models and plans, Pigment is positioning itself as a direct competitor to traditional enterprise resource planning (ERP) and performance management software from giants like SAP and Oracle. This round, especially with participation from Nvidia and the Scaleup Europe Fund, signals strong backing for European tech companies aiming for global leadership in AI-driven enterprise solutions, potentially disrupting established players.

The company's valuation, approximately 23 times its current ARR, suggests investors are heavily betting on Pigment's "autonomous planning" strategy and its ability to achieve further rapid revenue growth. This contrasts sharply with approaches like Datarails, which layers AI onto existing Excel models and is valued at a much lower multiple. Pigment's substantial enterprise deployments, such as L'Oréal's global salary-planning system, demonstrate a growing trust in AI for mission-critical functions, moving beyond mere productivity gains to actual decision-making support and execution within finance departments.