Pibit.AI, an SF–based insurtech company, has raised $7 million in a Series A funding round led by Stellaris Venture Partners with participation from Y Combinator and Arali Ventures.
The funds raised will be used to accelerate the development of its Centralized Underwriting Risk Environment (CURE) and expedite industry-wide adoption. Pibit.AI will be investing further in AI infrastructure and integrations. The company’s roadmap includes expanded advanced risk models, API layers, and deeper data partnerships that will make the CURETM platform even more adaptive to new lines of business and emerging risks.
Founded in 2020 by Akash Agarwal, Pibit.AI is an SF–based insurtech company that builds trusted AI systems for commercial underwriting for carriers and MGAs.
Pibit.AI’s platform combines automation with an intelligent services layer that also ensures human verification and contextual oversight. It delivers accuracy that holds up under audit, consistency across teams, and visibility across entire portfolios.
The company’s flagship platform, CURE, transforms the end-to-end underwriting process into a unified, intelligent system. It handles submissions, document parsing, research, risk analysis, and workflow orchestration all in one environment. Each module, from ClearCURE for triage to DocumentCURE for document intelligence and ResearchCURE for real-time data enrichment, helps underwriters move from raw submission to decision-ready output. RiskCURE then evaluates each account with portfolio-specific signals, while WorkflowCURE consolidates every task, insight, and collaboration into a single pane of glass.
The proprietary platform serves dozens of clients across the US, enabling 85% faster underwriting, a 32% increase in GWP per underwriter, and up to 700 basis points improvement in loss ratios.
Pibit.AI’s customers include HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic, and Method Insurance Company.
Akash Agarwal, Founder and CEO, Pibit.AI, said, “Pibit.AI was built around one idea: that AI should empower underwriters, not replace them. Too many systems prioritize speed over trust. We’re building something that’s transparent, explainable, and decision-ready – a system that gives underwriters confidence in every output while helping them move faster than ever before.”
Alok Goyal, Partner at Stellaris Venture Partners, said, “Underwriting has long been constrained by manual reviews, inconsistent data and tools that haven’t kept pace with rising submission volumes. With CURETM, Pibit.AI automates and unifies these workflows, improving accuracy, reducing costs and accelerating quote generation to drive higher revenue. We’re excited to partner with Akash and lead Pibit.AI’s Series A round as it scales.”
