STOCKHOLM, Sweden, May 8, 2026 – Pit launched publicly with $16 million in funding to build AI-generated software for internal business operations. The Stockholm company, backed by Andreessen Horowitz (a16z), is targeting enterprise workflows handled through spreadsheets, inboxes and SaaS tools.
The funding round was led by Andreessen Horowitz and included Lakestar, Pit’s founders, executives from OpenAI, Anthropic, Google, Deel and Revolut, and the Stena and Lundin families. Pit describes its model as an “AI product team as a service” for companies that need custom software for operations, finance and customer workflows.
“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.
The product consists of two core components:
- Pit Studio: learns how you work, and builds the system that runs it for you
- Pit Cloud: governed infrastructure with tenant isolation, ISO 27001, SSO, RBAC, and full audit observability
Pit said its software differs from low-code tools and AI copilots because it deploys operational systems rather than prototypes or experiments. Pit is running enterprise pilots in logistics, telecom, e-commerce and healthcare, including deployments with Voi, Tre, Stena Recycling and Kry, with systems going live in days or weeks.
Early results include:
- 85% reduction in campaign execution time
- 10,000+ hours saved annually per deployment
- 99% invoice acceptance rates through automation
“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 was built by founders and CTO/AI leads behind Voi, Klarna and iZettle. The team previously replaced manual workflows with custom AI-powered systems at Klarna and Voi, and has packaged that work into software focused on enterprise security, governance and reliability.
Source: Pit
About Pit
Pit develops AI software for internal tools and business workflows. The company was founded in 2025 and is headquartered in Stockholm, Sweden. Its software supports contract processing, campaign management, data reconciliation and approval workflows. It works with existing business systems and includes workflow monitoring and rollback controls. Pit also lists security features such as single sign-on, role-based access, audit trails, ISO 27001, tenant isolation and EU-based customer environments. The company serves mid-to-large enterprises that manage manual processes across departments and systems. Its website names Tre, Voi and Kry as customers or references, covering telecom, micromobility logistics and digital health operations.
About Andreessen Horowitz
Andreessen Horowitz is a venture capital firm that invests in technology companies. Marc Andreessen and Ben Horowitz founded the firm in 2009. It is headquartered in Menlo Park, CA. The firm provides capital and operating support to startup founders. It invests from seed rounds through venture and growth-stage financings. Its focus areas include AI, bio and health care, consumer, crypto, enterprise, fintech, games, infrastructure and American Dynamism. Its portfolio includes startups and growth companies in software, health care, financial technology, games and industrial technology. Andreessen Horowitz also publishes research, podcasts and essays for technology operators. It supports portfolio companies in recruiting, marketing, policy and market development. The firm also uses a16z as its brand name.