Pit Raises $16 Million to Free Enterprises From Spreadsheet Chaos With AI

The Stockholm-based startup Pit publicly launches an AI-native platform designed to replace manual enterprise workflows with custom, production-grade software.

Pit, a Stockholm-headquartered AI software startup, has raised $16 million in seed funding led by Andreessen Horowitz (a16z), the company announced May 7, marking its public launch as an AI-native platform for enterprise operations. The round also drew participation from Lakestar, angel investors from OpenAI, Anthropic, Google, Deel, and Revolut, as well as the Stena and Lundin families.

The company says its platform replaces the manual workflows, spreadsheets, and legacy SaaS tools that underpin most enterprise operations with custom, AI-generated software built to each company’s specifications. Pit describes its model as an “AI product team as a service,” through which business users document an existing process and the platform generates, tests, and deploys code to automate it. 

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Pit’s platform has two components. Pit Studio maps a company’s workflows and builds automated systems around them. Pit Cloud provides the governance infrastructure, including tenant isolation, ISO 27001 certification, single sign-on, role-based access control, and audit observability.

CEO and co-founder Adam Jafer said the company emerged from his earlier experience at Voi, the micro-mobility firm he co-founded, where early AI coding experiments produced results that were “bespoke, fragile and impossible to scale,” per the Forbes report on the funding. Jafer’s co-founders carry backgrounds from Klarna and iZettle. 

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 & Co-Founder, Pit

Pit said it is already live in enterprise pilots across logistics, telecom, e-commerce, and healthcare. Named deployments include Voi, Tre, Stena Recycling, and Kry. The company cited early results, including an 85% reduction in campaign execution time and more than 10,000 hours saved annually per deployment.

A16z general partner Alex Rampell, whose firm led the round, said in the company’s announcement that Pit represents a new category. 

Every AI company is selling speed. Pit is selling speed that holds up for years, secure, governed, and built to last. 
Alex Rampell, General Partner, A16z

The funding arrives as competition in the AI coding and enterprise automation market intensifies. Rivals with recent funding include Wonderful, Distyl, and Edra, per the Forbes report. Better-known AI coding tools such as Cursor and Lovable also operate in adjacent territory.

Disclaimer: This news is based on publicly available information. NervNow has not independently verified any claims.

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