Enterprise

• AI-native startup Pit, officially Pitdotcom Sweden AB, announced a $16 million funding round on May 7, 2026, led by Andreessen Horowitz with participation from Lakestar and executives from OpenAI, Anthropic, Google, Revolut, and Deel. • The platform acts as an AI 'product team-as-a-service,' replacing spreadsheets, emails, and SaaS tools with customized, production-grade software for internal operations in telecom, e-commerce, healthcare, and logistics. • Early adopters report 10,000 hours saved annually per deployment, 99% automated invoice acceptance rates, and 85% reduction in marketing campaign execution time, enabling scalable business automation beyond fragile prototypes.

• Cognizant announced the launch of Cognizant Secure AI Services on May 7, 2026, from its Teaneck, N.J. headquarters to help enterprises secure and scale AI and agentic systems. • The new integrated offering provides AI-powered defense across operations and supports provable trust practices for AI systems, targeting businesses adopting advanced AI technologies. • This development matters as it addresses rising cybersecurity risks in agentic AI deployment, enabling safer scaling amid growing threats from autonomous AI applications.

• Dr. Sanjay Katkar, Joint Managing Director of Quick Heal Technologies, warns that AI-powered cyber attacks are transforming enterprise security amid India's rapid digitization via UPI, digital public infrastructure, and cloud adoption. • Seqrite Labs' latest threat telemetry reveals organizations face continuous cyber exposure, with AI reshaping both offensive attack strategies and defensive measures at machine speed. • Legacy vulnerabilities persist as a critical concern despite security tech advancements, demanding faster defense adaptations.

• AI agents are emerging as tools to help social enterprises scale operations efficiently with leaner teams, addressing resource constraints in the social impact sector. • Without proper boundaries, AI agent deployment risks eroding trust, compromising data safety, and diminishing human connection—critical elements for social enterprises. • The development highlights the need for responsible AI implementation frameworks that balance automation benefits with ethical considerations and user trust in mission-driven organizations.

• Datavault AI, a U.S. cybersecurity firm, revealed plans on May 4, 2026, to acquire CyberCatch AI for undisclosed terms to enhance AI-driven threat detection. • The deal bolsters quantum-resistant risk mitigation and real-time anomaly detection capabilities across finance, healthcare, and defense sectors. • Acquisition addresses rising AI security gaps, as enterprises face 40% more sophisticated attacks per recent reports.

• U.S. startups in applied enterprise AI secured over $500 million in funding rounds announced May 4, 2026, focusing on workflow automation and analytics. • Key deals include a $120M Series B for an AI platform optimizing supply chains and $80M for defense-oriented machine learning tools. • Surge underscores investor shift toward practical AI deployments, with returns projected at 5x in three years amid 25% market growth.

• Cognizant announced the launch of its Innovation Network on April 28, 2026, a corporate investment arm targeting early to mid-stage enterprise software startups in the US. • The AI Lab validates promising innovations, while the network supports startups in turning them into products for Global 2000 clients like those in logistics and recruitment. • This initiative accelerates integration of breakthrough technologies into Cognizant's solutions, enhancing enterprise value amid rising AI adoption.