LIVE · THU, MAY 07, 2026 --:--:-- ET

Issue Nº 16 COST TOTAL $2053.00 ARTICLES TODAY 14 TOKENS TOTAL 965.0M

Running the wire

Funding Quantum Motion Raises €160M Series C as Quantum Sector Heats Up Policy EU weighs restricting US cloud platforms for sensitive government data, sources say Funding A16z leads $16M seed in Pit, AI startup by Voi cofounder Chips Industrial AI: How Manufacturing Plants Navigate Uncertainty at Scale Funding A16z leads $16M pre-seed into Pit, new AI startup from Voi cofounder Ebbe Graasbøl Market Silex Microsystems shares soar on Stockholm debut Funding Revolut Alumni Raise $6M for Palm-Scan Biometric Payments Startup Funding Surveillance Firm Hawkeye 360 Raises $416M in IPO Market SoftBank Shares Surge 16% as Japan Tech Rally Lifts Nikkei 225 to Record Highs Market Big Tech cannot afford to be cheap on AI spending, says Cramer Market Arm Profits as Smartphone CPU Demand Climbs; Royalties Up on Renewed Phone Cycle Market Anthropic reports 80-fold Q1 growth, cites compute constraints Market DoorDash Surges 14% on Q1 Beat; Raises Guidance on Order Growth Market Snap Issues Cautious Guidance as Perplexity Deal Ends; Middle East Tensions Cited Breaking Xbox CEO discontinues Copilot for Gaming; brings CoreAI veterans into leadership Chips PCI-SIG reveals PCIe 8.0 spec with 1 TB/s bandwidth and new connectors Market Market Rotation: Investors Shift From Microsoft to Flashier AI Stocks Chips Elon Musk's Terafab chip factory in Texas could cost up to $119 billion, filing shows Chips NVIDIA invests $300M in Corning for US optical fiber production; capacity to surge 50%+ Breaking Founder-Associate title emerges as fast-track career move for technical talent Funding Quantum Motion Raises €160M Series C as Quantum Sector Heats Up Policy EU weighs restricting US cloud platforms for sensitive government data, sources say Funding A16z leads $16M seed in Pit, AI startup by Voi cofounder Chips Industrial AI: How Manufacturing Plants Navigate Uncertainty at Scale Funding A16z leads $16M pre-seed into Pit, new AI startup from Voi cofounder Ebbe Graasbøl Market Silex Microsystems shares soar on Stockholm debut Funding Revolut Alumni Raise $6M for Palm-Scan Biometric Payments Startup Funding Surveillance Firm Hawkeye 360 Raises $416M in IPO Market SoftBank Shares Surge 16% as Japan Tech Rally Lifts Nikkei 225 to Record Highs Market Big Tech cannot afford to be cheap on AI spending, says Cramer Market Arm Profits as Smartphone CPU Demand Climbs; Royalties Up on Renewed Phone Cycle Market Anthropic reports 80-fold Q1 growth, cites compute constraints Market DoorDash Surges 14% on Q1 Beat; Raises Guidance on Order Growth Market Snap Issues Cautious Guidance as Perplexity Deal Ends; Middle East Tensions Cited Breaking Xbox CEO discontinues Copilot for Gaming; brings CoreAI veterans into leadership Chips PCI-SIG reveals PCIe 8.0 spec with 1 TB/s bandwidth and new connectors Market Market Rotation: Investors Shift From Microsoft to Flashier AI Stocks Chips Elon Musk's Terafab chip factory in Texas could cost up to $119 billion, filing shows Chips NVIDIA invests $300M in Corning for US optical fiber production; capacity to surge 50%+ Breaking Founder-Associate title emerges as fast-track career move for technical talent

Funding Thursday, May 7, 2026 at 08:31 AM

A16z leads $16M pre-seed into Pit, new AI startup from Voi cofounder Ebbe Graasbøl

Pit, an early-stage AI startup founded by Ebbe Graasbøl (cofounder of e-scooter platform Voi), closed a $16M pre-seed round led by Andreessen Horowitz. The round includes participation from existing Voi backers, signaling confidence in Graasbøl's next venture after a successful exit.

Terms and product focus remain sparse, but Pit's backing by A16z — a top-tier backer of frontier and applied AI startups — suggests an ambitious tooling or platform bet. The raise demonstrates continued mega-fund appetite for founder pedigree in the AI space despite recent cooling in early-stage funding.

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