Stockholm-based AI startup Pit, founded by Voi co-founders, secures $16 million funding

May 7, 2026

AI Summary

Pit, an AI startup founded by the co-founders of Voi, has raised $16 million in seed funding led by a16z. The company aims to provide enterprise AI solutions that automate internal processes, focusing on sectors like telecom and healthcare.

Pit is a Swedish startup co-founded by Fredrik Hjelm, CEO of Voi, and former engineers from iZettle and Klarna.
The startup has secured $16 million in seed funding from a16z, which is actively seeking European startups.
Pit's focus is on enterprise AI, creating custom software to automate internal business processes without customer-facing applications.
The company is testing its solutions with pilot customers in various sectors, including telecom and healthcare.
Pit differentiates itself with two main offerings: Pit Studio for guiding enterprise employees and Pit Cloud for meeting enterprise governance and auditability requirements.
The startup plans to hire solution engineers to facilitate enterprise adoption and meet customer expectations.
Pit emphasizes enhancing employee productivity rather than reducing workforce size, aiming to improve work quality and reduce errors.
The founding team includes three of Voi's co-founders, maintaining strong connections from their previous venture.
Fredrik Hjelm remains CEO of Voi while also being a co-founder of Pit, potentially leveraging his network for the startup.
Pit's funding round also includes contributions from its founders, Lakestar, and Nordic investors, reflecting growing interest in Stockholm's AI sector.
The startup aims to serve industrial clients in Europe, emphasizing a flexible approach to AI and cloud vendor selection.

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Stockholm-based AI startup Pit, founded by Voi co-founders, secures $16 million funding

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