Pit Exits Stealth With $16M a16z Seed — Voi Founders Build AI Platform to Replace Enterprise SaaS With Custom Apps

TechCrunch·medium signal

Stockholm-based Pit, founded by Voi CEO Fredrik Hjelm and backed by a16z with angels from OpenAI, Anthropic, and Stripe, launched as 'AI product teams as a service' — users describe a business need in natural language and Pit builds, deploys, and maintains custom software instantly. Early enterprise pilots in logistics, telecom, e-commerce, and healthcare show 85% reduction in campaign execution time and 10,000+ hours saved annually per deployment. This is the build-not-buy thesis incarnated: AI makes custom software cheaper than SaaS subscriptions.