Stockholm-based AI-native startup Pit has raised a $16m seed round led by Andreessen Horowitz (a16z), with participation from Lakestar and executives from OpenAI, Anthropic, Google, Deel and Revolut, as well as the Stena and Lundin families.
The startup is today launching its “AI product team as a service”. Founded by the team behind Voi and Klarna, the company aims to solve the problem of businesses still relying on spreadsheets, inboxes and rigid SaaS tools to manage operations.
While most companies recognise the value of AI, the challenge has been implementing it effectively across organisations.
According to Pit, its platform enables companies to build and deploy custom, production-grade software for internal business operations.
“For 20 years, enterprises have rented software that forces them to operate around it. With AI, that ends. For the first time, every company can run on systems they have actually designed for themselves,” said Adam Jafer, CEO and cofounder of Pit.
According to Jafer, while enterprises have spent more than $1tn on digital transformation in recent years, most workflows remain fragmented, manual and difficult to adapt. Pit’s platform is designed to take a business need and translate it into fully deployed, governed software.
The platform has two components: Pit Studio, where companies work with Pit to build systems that learn workflows and automate them; and Pit Cloud, which provides governed infrastructure with tenant isolation and full audit observability.
At one of Europe’s largest industrial companies, Pit replaced legacy contract and invoice validation systems with an AI-powered platform that processes tasks in real time, saving more than 10,000 hours annually while achieving zero validation errors.
