for example), but it remains a race and a consistency risk. Tread with caution.
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Investors have bought in. Pigment has raised nearly $400 million to date and crossed a $1 billion valuation in 2024, with backers including ICONIQ Growth, Meritech, IVP, Greenoaks, Blossom, and Sheryl Sandberg’s fund. But Crespo insists she’s in no rush to add more capital—or to go public. “IPO for us would be way, way down the line,” she said.