Pibit.AI

Overview

Pibit.AI is an insurtech startup based in San Francisco, founded in 2020 by Akash Agarwal. The company specializes in developing AI-driven systems to streamline the commercial insurance underwriting process. It has raised a total of $7 million in Series A funding. Pibit.AI seeks to revolutionize underwriting by leveraging its flagship platform, CURE, which stands for Centralized Underwriting Risk Environment.

Recent Developments

November 2025: Pibit.AI raised $7 million in a Series A funding round led by Stellaris Venture Partners, with participation from Y Combinator and Arali Ventures. The funds are expected to expand Pibit.AI's R&D capabilities, develop new risk models, and facilitate global expansion.
Company Strategy: The Series A funding will enable Pibit.AI to deepen its technology offerings, focusing on high-accuracy and domain-specific AI models given the inefficiencies and traditional hurdles faced in commercial underwriting.
Global Expansion: Currently focusing on the U.S., Pibit.AI plans to extend its market reach to Europe and India, targeting the growing commercial insurance markets in these regions.
Platform Feature Enhancements: Pibit.AI is investing in further development of its CURE platform to provide a comprehensive AI-powered environment for underwriting. This includes enhancements in document processing, risk analysis, and decision-ready outputs to improve workflow efficiency for insurers.
Client Impact: The CURE platform aids insurers by consolidating workflow tasks, thus allowing underwriters to handle greater volumes with improved accuracy and speed. This has been increasingly adopted by clients such as HDVI, Shepherd Insurance, and Method Insurance Company.

Attribute	Information
Founding Date	2020
Headquarters	San Francisco, California, USA
Founders	Akash Agarwal
Revenue	N/A
Profits	N/A
Key Investors	Stellaris Venture Partners, Y-Combinator, Arali Ventures
Industry	Insurtech
Number of Employees	Approximately 125

Early History

Pibit.AI was founded in 2020, spurred by Akash Agarwal's ambition to transform the underwriting industry, which had long been notorious for its labor-intensive and inefficient processes. Drawing inspiration from technological advancements in fields such as autonomous driving, Agarwal envisioned utilizing AI to overcome manual bottlenecks in insurance data processing and risk assessment. From its inception, Pibit.AI focused on creating a cohesive platform that integrates AI to offer unprecedented automation in underwriting.

Company Profile and Achievements

Pibit.AI's main offering, the CURE platform, centralizes the entire underwriting lifecycle within one environment. This platform automates tasks such as document parsing, risk analysis, and workflow orchestration, which historically required manual intervention. Achievements of Pibit.AI include:

Platform Adoption: The CURE platform is utilized by several leading insurers, enabling them to achieve faster underwriting cycles and improved data accuracy.
AI Innovations: Developed sophisticated AI models that provide granular risk analysis and enhance data extraction processes, crucial for accurate underwriting.
Funding and Growth: Secured significant funding to fuel further growth and technological enhancements, highlighting investor confidence in its business model.
Market Reach: Initially focused on the U.S. market, with plans to expand into Europe and India.

Current Operations and Market Position

Currently, Pibit.AI enhances the insurance underwriting process by enabling insurers to process higher volumes of submissions with fewer errors and reduced timeframes. The company's platform, CURE, integrates AI to minimize clerical workload for underwriters and improve data reliability. By operating on a scalable model, Pibit.AI presents itself as a pivotal player in the evolution of insurtech, addressing the critical operational bottlenecks faced by traditional insurance companies.

Conclusion

Pibit.AI is at the forefront of revolutionizing the insurance underwriting industry through its AI-driven platform, CURE. With strategic funding to bolster its technological and market expansion efforts, the company is poised to transform how insurers manage risk and improve underwriting efficiency. As it expands globally, Pibit.AI's approach to integrating AI into legacy workflows promises a more accurate and reliable insurance process. Its future trajectory seems promising, with the potential to redefine industry standards by alleviating historical inefficiencies and setting new benchmarks for tech-enabled underwriting processes.