Andreessen Horowitz in Funding Round for Swedish AI Startup Pit

Andreessen Horowitz has led a $16 million funding round for Pit, an artificial intelligence startup based in Sweden.

Also included in the round is Lakestar and executives from OpenAI, Anthropic, Google and Revolut, as well as Sweden’s Stena and Lundin families, according to emailed comments from the Silicon Valley investor.

The backing of Andreessen Horowitz also underscores the continued interest in startups in Sweden — a country that produces more billion-dollar startups per capita than any other nation in Europe. Earlier this year, the $90 billion venture capital firm led a pre-seed funding round for Stockholm-based Dentio.

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