Pit raised €13.6 million ($16 million) in a funding round led by Andreessen Horowitz (a16z) as it exits stealth. The capital injection includes participation from Lakestar, alongside executives from OpenAI, Anthropic, Google, Deel, and Revolut. Private investment also came from the Stena and Lundin families.
Based in Stockholm, the startup operates as an "AI product team as a service". The platform enables enterprises to replace manual spreadsheets and static SaaS tools by building custom, production-grade software for internal operations. Its two core components, Pit Studio and Pit Cloud, allow businesses to automate workflows across finance, customer service, and general operations while maintaining governed, isolated infrastructure.
The founding team comprises former leaders and AI specialists from prominent Swedish unicorns, including Voi, Klarna, and iZettle. CEO Adam Jafer intends to use the funds to move enterprises away from fragmented legacy systems toward AI-native software that adapts to specific business logic rather than forcing users to work around rigid software constraints.
This raise reinforces Stockholm's status as a primary hub for B2B innovation, as proven founders increasingly secure high-conviction backing from Tier 1 Silicon Valley firms to tackle enterprise inefficiencies.
Originally reported by EU-Startups Daily.