Pibit.AI has raised $7 million in its Series A round led by Stellaris Venture Partners, with participation from Y Combinator and Arali Ventures.
The company will use the funding to build its Centralized Underwriting Risk Environment (CURE) and increase adoption across insurance carriers. It will also expand its product and engineering teams over the next year.
Founded in 2020 by Akash Agarwal and Karan Bedi, Pibit.AI works on simplifying commercial insurance underwriting. The company operates from San Francisco and Bengaluru and is backed by Y Combinator and Tides Business Incubator at IIT Roorkee.
Pibit.AI focuses on helping insurers convert unstructured submission documents into structured data that can be used for risk evaluation. Its platform processes loss runs, ACORD forms, PDFs, and images to support faster decisions for underwriters.
The company’s core product is the CURE platform, which brings the entire underwriting workflow into one environment. DocumentCURE structures and cleans documents. CleanCURE organizes messy files and ensures system compatibility. WorkflowCURE automates the submission-to-quote process. RiskCURE provides clear risk scores and signals to guide underwriters.
Pibit.AI aims to support underwriting teams, reduce operational load, and help insurers issue policies with greater efficiency.
