Pit Raises $16M Led by a16z to Bring AI Teammates Inside Every Enterprise Workflow
The founders productize the playbook they ran inside Klarna, Voi, and iZettle. The market they are launching into has already moved.
What does enterprise software look like when AI custom-builds itself into every workflow?
That question stopped being academic in February 2026. Roughly $285 billion in SaaS market capitalization evaporated in what analysts have started calling the SaaSpocalypse. Bain & Company published a report concluding per-seat pricing was structurally vulnerable to AI agent adoption. Monday.com replaced its 100-person sales development team with AI agents. The median revenue multiple for software firms fell from above 7 to below 5. Retool's 2026 enterprise survey found that 35% of teams have already replaced at least one SaaS tool with a custom build, and 78% expect to build more in 2026.
THE MARKET PIT IS LAUNCHING INTO
Pit, the Stockholm-based platform launching today from stealth with $16 million led by Andreessen Horowitz,...
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