STOCKHOLM—Pit said on May 7 that it has launched publicly with $16 million in funding led by Andreessen Horowitz, as the company seeks to build AI-native software for enterprise operations.
The funding round included participation from Lakestar, Pit’s founders, executives from OpenAI, Anthropic, Google, Deel and Revolut, and the Stena and Lundin families.
Pit describes its platform as an “AI product team as a service.” The company says its system learns how an organization works and then builds custom software to support internal operations, including finance, operations, customer workflows and administrative processes.
Many companies still rely on spreadsheets, email inboxes and fixed SaaS products to manage core business processes. Pit argues that these tools often leave workflows fragmented, manual and difficult to adapt, despite years of corporate spending on digital transformation.
The company’s platform is designed to convert business requirements into deployed operational software. It consists of two main components: Pit Studio, which analyzes how teams work and builds workflow systems, and Pit Cloud, which provides governed infrastructure with tenant isolation, ISO 27001, single sign-on, role-based access control and audit observability.
Unlike low-code platforms or AI copilots, Pit says its system is intended to produce production-grade software for live business operations rather than prototypes or experimental tools.
Pit is currently being used in enterprise pilots across logistics, telecommunications, e-commerce and healthcare. Customers and pilot users include Voi, Tre, Stena Recycling and Kry, with some systems reportedly deployed within days or weeks.
The company said early results include an 85 percent reduction in campaign execution time, more than 10,000 hours saved annually per deployment, and invoice acceptance rates of 99 percent through automation. In one deployment at a large European industrial company, Pit said it replaced legacy contract and invoice validation with an AI-powered real-time system, saving more than 10,000 hours annually.
Adam Jafer, CEO and co-founder of Pit, said enterprises have long adapted their operations around rented software, but AI could allow companies to run systems designed around their own workflows.
Alex Rampell, general partner at Andreessen Horowitz, said Pit is focused on software that is secure, governed and durable, rather than simply faster to deploy.
Pit was founded by former founders, CTOs and AI leads from Voi, Klarna and iZettle. The team previously worked on replacing manual workflows with custom AI-powered systems at scale, and is now packaging that approach into a platform designed for enterprise security, governance and reliability.
