Pit, a Stockholm-based AI startup aiming to exchange the patchwork of spreadsheets, inboxes, and inflexible SaaS instruments that run enterprise operations at this time, introduced its public launch alongside €13.6 million ($16 million) in funding.
The spherical was led by Andreessen Horowitz (a16z) and consists of participation from Lakestar, the Pit founders and executives from OpenAI, Anthropic, Google, Deel, and Revolut, in addition to the Stena and Lundin households.
“For 20 years, enterprises have rented software program that forces them to function round it. With AI, that ends. For the primary time, each firm can run on methods they really designed themselves,” stated Adam Jafer, CEO and co-founder of Pit.
Based by the founders and CTO/AI leads of Voi, Klarna and iZettle, Pit is launching as an AI product group as a service, enabling firms to construct and deploy {custom}, production-grade software program for his or her inside enterprise operations.
In accordance with the corporate, throughout industries, core enterprise operations are nonetheless powered by spreadsheets, inboxes, and inflexible SaaS instruments that had been by no means designed for a way firms really work. It additional notes that whereas enterprises have spent over $1 trillion on digital transformation in recent times, most workflows stay fragmented, guide, and tough to adapt.
Pit claims to exchange this layer with AI-native software program that’s custom-built for every firm’s workflows. This permits groups to maneuver sooner, function extra effectively, and scale with out the constraints of legacy methods, says the corporate.
The corporate explains that its platform is constructed to rework a enterprise want—overlaying operations, finance, and buyer workflows—into totally deployed, ruled software program.
Its product consists of two core elements: Pit Studio, which learns how customers work and builds the system that runs it for them, and Pit Cloud, a ruled infrastructure with tenant isolation, ISO 27001, SSO, RBAC, and full audit observability.
Explaining the way it’s completely different from conventional low-code instruments or AI copilots, Pit states that it outputs actual software program working actual operations, not prototypes or experiments.
Highlighting its safety and compliance capabilities, the corporate notes that Pit Cloud consists of SSO, role-based entry management, full audit trails, and observability. The platform is ISO 27001 aligned, GDPR compliant, and constructed for NIS2 and the EU AI Act. Every buyer has its personal totally remoted atmosphere inside the EU.
“Each AI firm is promoting pace. Pit is promoting pace that holds up for years, safe, ruled, and constructed to final. It’s a brand new class,” stated Alex Rampell, Common Accomplice at Andreessen Horowitz.
Pit is already stay throughout enterprise pilots in logistics, telecom, e-commerce, and healthcare, together with deployments with Voi, Tre, Stena Recycling, and Kry, with methods going stay inside days or even weeks.
The corporate reported early outcomes, together with an 85% discount in marketing campaign execution time, 10,000+ hours saved yearly per deployment, and 99% bill acceptance charges by way of automation.
It mentions that at one in every of Europe’s largest industrial firms, Pit changed legacy contract and bill validation with an AI-powered system that processes in actual time, saving over 10,000 hours yearly with zero validation errors.
