Pit Raises $16M to Replace Enterprise Software Chaos

AI startup Pit has secured $16 million in funding led by Andreessen Horowitz, with participation from Lakestar and executives from OpenAI, Anthropic, Google, Revolut and Deel. The Swedish company aims to replace the fragmented mix of spreadsheets and SaaS tools enterprises rely on with an AI-native platform that builds custom, production-grade software from simple workflow descriptions. Pit's platform consists of two components: Pit Studio for building company-specific systems and Pit Cloud for secure, compliant infrastructure. Early adopters across telecom, e-commerce, healthcare and logistics report saving 10,000 hours annually, achieving 99% automated invoice acceptance and cutting marketing campaign execution time by 85%.