Stockholm‑based Pit, an AI‑native startup founded by the creators of Voi and Klarna, closed a $16m seed round on Tuesday. Lead investor Andreessen Horowitz joined by Lakestar and a roster of executives from OpenAI, Anthropic, Google, Deel and Revolut, plus the Stena and Lundin families. The funding will launch Pit’s “AI product team as a service” offering.

Pit’s platform tackles the persistent reliance on spreadsheets, inboxes and inflexible SaaS tools for internal operations. While most enterprises acknowledge AI’s promise, integrating it at scale remains elusive. Pit claims its solution translates a business need into production‑grade software, freeing companies from legacy systems that have dictated processes for two decades.

The offering splits into two layers: Pit Studio, where clients collaborate with engineers to map and automate workflows, and Pit Cloud, which supplies isolated, audit‑ready infrastructure. In a pilot with one of Europe’s largest industrial firms, the system replaced manual contract and invoice validation, cutting more than 10,000 hours annually and delivering zero validation errors.

By converting internal processes into tailor‑made AI applications, Pit aims to capture a slice of the roughly $1 trillion enterprises have poured into digital transformation yet struggle to rationalise. If the early industrial case scales, the model could pressure traditional SaaS vendors to open their stacks, reshaping how mid‑market firms build operational software.