Overview
- Pit, which emerged from stealth Thursday, raised $16 million in seed funding led by Andreessen Horowitz with Lakestar, Nordic family offices, and executives from OpenAI, Anthropic, Google, Deel, and Revolut joining.
- The Stockholm startup builds custom software that automates back‑office work now handled in spreadsheets, email, and disconnected apps.
- Its platform combines Pit Studio, which maps processes and generates code, with Pit Cloud, which provides deployment, tenant isolation, ISO 27001 practices, single sign‑on, role controls, and audit logs.
- Early pilots span logistics, telecom, healthcare, e‑commerce, and industrial clients such as Voi, Tre, Stena Recycling, and Kry, with time savings the company reports but not yet independently verified.
- Pit plans to scale into large enterprises and expand internationally, positioning against incumbents like ServiceNow and UiPath and newer AI‑coding rivals, as a16z touts its focus on governed speed as a new category.