Pit, a Stockholm-based AI startup aiming to replace the patchwork of spreadsheets, inboxes, and rigid SaaS tools that run enterprise operations today, announced its public launch alongside €13.6 million ($16 million) in funding.
The round was led by Andreessen Horowitz (a16z) and includes participation from Lakestar, the Pit founders and executives from OpenAI, Anthropic, Google, Deel, and Revolut, as well as the Stena and Lundin families.
“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 actually designed themselves,” said Adam Jafer, CEO and co-founder of Pit.
Founded by the founders and CTO/AI leads of Voi, Klarna and iZettle, Pit is launching as an AI product team as a service, enabling companies to build and deploy custom, production-grade software for their internal business operations.
According to the company, across industries, core business operations are still powered by spreadsheets, inboxes, and rigid SaaS tools that were never designed for how companies actually work. It further notes that while enterprises have spent over $1 trillion on digital transformation in recent years, most workflows remain fragmented, manual, and difficult to adapt.
Pit claims to replace this layer with AI-native software that is custom-built for each company’s workflows. This enables teams to move faster, operate more efficiently, and scale without the constraints of legacy systems, says the company.
The company explains that its platform is built to transform a business need—covering operations, finance, and customer workflows—into fully deployed, governed software.
Its product consists of two core components: Pit Studio, which learns how users work and builds the system that runs it for them, and Pit Cloud, a governed infrastructure with tenant isolation, ISO 27001, SSO, RBAC, and full audit observability.
Explaining how it’s different from traditional low-code tools or AI copilots, Pit states that it outputs real software running real operations, not prototypes or experiments.
Highlighting its security and compliance capabilities, the company notes that Pit Cloud includes SSO, role-based access control, full audit trails, and observability. The platform is ISO 27001 aligned, GDPR compliant, and built for NIS2 and the EU AI Act. Each customer has its own fully isolated environment within the EU.
“Every AI company is selling speed. Pit is selling speed that holds up for years, secure, governed, and built to last. It’s a new category,” said Alex Rampell, General Partner at Andreessen Horowitz.
Pit is already live across enterprise pilots in logistics, telecom, e-commerce, and healthcare, including deployments with Voi, Tre, Stena Recycling, and Kry, with systems going live within days or weeks.
The company reported early results, including an 85% reduction in campaign execution time, 10,000+ hours saved annually per deployment, and 99% invoice acceptance rates through automation.
It mentions that at one of Europe’s largest industrial companies, Pit replaced legacy contract and invoice validation with an AI-powered system that processes in real time, saving over 10,000 hours annually with zero validation errors.
Read the orginal article: https://www.eu-startups.com/2026/05/stockholms-pit-exits-stealth-with-e13-6-million-a16z-led-funding-to-offer-ai-product-teams-as-a-service/
