Pit announced its public launch alongside a $16 million funding round led by Andreessen Horowitz to support development of its AI-native enterprise operations software platform.
The financing round included participation from Lakestar, company founders, and executives from OpenAI, Anthropic, Google, Deel, and Revolut, along with the Stena and Lundin families.
Founded by team members behind Voi, Klarna, and iZettle, Pit develops what it describes as an “AI product team as a service” platform designed to build and deploy custom software for enterprise business operations.
The company said many enterprise workflows continue to rely on spreadsheets, email, and inflexible SaaS systems despite years of digital transformation investments. Pit’s platform is designed to replace fragmented operational tools with AI-generated software customized to each company’s internal workflows and operational requirements.
Pit’s platform includes two primary components: Pit Studio, which learns operational workflows and generates custom systems, and Pit Cloud, a governance and infrastructure layer featuring tenant isolation, ISO 27001 compliance, single sign-on, role-based access controls, and audit observability.
According to the company, the platform differs from low-code tools and AI copilots by generating production-grade enterprise software rather than prototypes or workflow suggestions.
Pit said the platform is already deployed across enterprise pilots in logistics, telecom, e-commerce, healthcare, and industrial sectors, including implementations with Voi, Tre, Stena Recycling, and Kry.
The company reported early customer results including an 85% reduction in campaign execution time, more than 10,000 hours saved annually per deployment, and 99% invoice acceptance rates through automation.
Pit is headquartered in Stockholm and focuses on AI-native operational infrastructure for enterprise organizations.
KEY QUOTES:
“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.”
Adam Jafer, CEO And Co-Founder, Pit
“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.”
Alex Rampell, General Partner, Andreessen Horowitz
