AI startup Pit, founded by the team behind European scooter company Voi, has quickly become one of Stockholm’s fastest-rising startups in the artificial intelligence sector. The company is led by Voi co-founders, including Voi CEO Fredrik Hjelm, and has attracted significant attention from investors and the European tech ecosystem.
Pit recently secured a $16 million seed funding round led by Andreessen Horowitz (a16z). The startup has also brought together former engineers and talent from major European tech companies such as iZettle and Klarna, strengthening its expertise in fintech and enterprise technology.
The Stockholm-based company is focused on building AI systems designed to automate back-office and enterprise operations, particularly for regulated industries. Reports suggest that Pit aims to simplify complex corporate workflows by using AI-powered tools capable of handling operational and administrative tasks more efficiently.
Pit’s rise also highlights Stockholm’s growing reputation as a major European AI hub. Venture capital firms, especially Andreessen Horowitz, have increasingly turned their attention toward the Swedish startup ecosystem in search of the next major European unicorn. Stockholm is already home to fast-growing AI companies like Lovable, further strengthening the city’s position in the global AI startup landscape.
The company’s momentum comes during a broader surge in European AI investment, where investors are actively backing startups focused on enterprise automation, AI infrastructure, and productivity software. Pit’s combination of experienced founders, strong technical talent, and backing from a16z has positioned it as one of the most closely watched AI startups emerging from Europe this year.
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