The founders of Voi are building again. Their new AI startup Pit has closed a $16 million seed round led by a16z, marking one of Stockholm’s most watched launches this year. The funding arrives as Nordic Semiconductor reports 33 percent Q2 revenue growth, signaling strong demand for edge AI and IoT infrastructure in the region. For builders, this means capital is flowing into applied AI, but only for teams with a clear path to product-market fit and scalable infrastructure. This week, audit your own stack: if you’re not already leveraging edge or IoT for efficiency, start mapping how Pit’s approach could inform your roadmap.

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25 OctFounders & productreaches nearby