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Stockholm-based Pit, an
AI-native platform that replaces the patchwork of spreadsheets, inboxes, and
rigid SaaS tools used in enterprise operations, has announced its public
launch. The company also raised $16 million in funding led by Andreessen Horowitz (a16z), with participation from Lakestar, its founders, and angel
investors including executives from OpenAI, Anthropic, Google, Deel, and
Revolut, as well as the Stena and Lundin families.
Pit positions itself as an
“AI product team as a service,” enabling enterprises to build and run custom
software tailored to their internal operations. The platform aims to replace
the fragmented mix of spreadsheets, inboxes, and rigid SaaS tools that continue
to underpin many business processes despite significant investment in digital
transformation.
Founded by former leaders
from Voi, Klarna, and iZettle, Pit is designed to translate business needs into
fully deployed, production-grade software. Its offering consists of two core
components: Pit Studio, which learns how organisations work and builds tailored
systems, and Pit Cloud, which provides governed infrastructure with
enterprise-grade security and compliance features.
Unlike traditional
low-code platforms or AI copilots, Pit delivers fully operational software
systems rather than prototypes. The platform is already being deployed in
enterprise environments across sectors including logistics, telecom,
e-commerce, and healthcare, with customers such as Voi, Tre, Stena Recycling,
and Kry.
For decades, enterprises
have relied on software that dictates how they operate. AI now enables
companies to run on systems designed around their own workflows,
said Adam Jafer, CEO and
co-founder of Pit.
With the new funding, Pit
plans to scale its platform and expand adoption among large enterprises seeking
more flexible, AI-driven approaches to managing core business operations.