Swedish AI startup Pit secures $16 million seed round
Updated
Updated · TechCrunch · May 7
Swedish AI startup Pit secures $16 million seed round
10 articles · Updated · TechCrunch · May 7
Andreessen Horowitz leads the Stockholm company's funding as Voi co-founders, including CEO Fredrik Hjelm, back Pit alongside former iZettle and Klarna engineers.
Chief executive Adam Jafer said Pit builds custom enterprise software that learns clients' workflows to automate back-office, service and support processes, with pilots under way in telecom, healthcare and logistics.
The startup is hiring solution engineers to scale commercially and pitches productivity and quality gains rather than job cuts, as Stockholm attracts growing investor interest in European AI and sovereign tech.
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