Pit raises $16 million pre-seed round led by Andreessen Horowitz
Pit raised $16 million in a pre-seed funding round. Andreessen Horowitz led the investment with participation from Lakestar. Former executives from the micromobility company Voi founded the Stockholm-based startup. Pit develops enterprise AI that automates business processes. The software learns from internal client data to build custom tools. This approach aims to replace manual workflows and reduce corporate software costs.
Key Takeaways
- Pit raised $16 million in a pre-seed round led by Andreessen Horowitz.sifted.eu
- Former Voi executives Adam Jafer and Fredrik Hjelm founded the startup in Stockholm.techcrunch.comlinkedin.comvoi.com
- The company builds enterprise AI that creates custom software to automate business processes.techcrunch.com
- Pit uses internal client data to learn how businesses operate and replace manual workflows.techcrunch.com
Affected Companies
Sources
Fredrik Hjelm Profile
Micromobility.io
“Fredrik Hjelm is the founder of Voi and a co-founder of the AI platform Pit.”
Our Voiage so far
Voi
“Voi was founded in 2018 by a team including Fredrik Hjelm and Adam Jafer.”
a16z leads $16m pre-seed in Voi cofounders' new AI startup Pit
Sifted
“Andreessen Horowitz led a $16 million pre-seed investment in the Stockholm-based AI startup Pit.”