According to Bloomberg, Swedish AI startup Pit raised $16 million in a funding round led by Andreessen Horowitz, with participation from Lakestar and executives from major AI and tech firms. Sweden’s Stena and Lundin families also joined the round. Pit has already secured pilot projects with Voi, Tre, Stena Recycling, and Kry. The funding will support development of Pit’s AI tools designed to streamline fragmented workflows across industries.
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