Pibit.AI has raised seven million dollars in its Series A funding round, led by Stellaris Venture Partners along with continued backing from Y Combinator and Arali Ventures. This new investment fuels the company’s mission to streamline and modernize underwriting through its end-to-end intelligence platform, CURE™. Driven by a personal motivation to fix broken processes in the insurance ecosystem, founder Akash Agarwal emphasizes the company’s core philosophy: “Pibit AI was built around one idea that AI should empower underwriters, not replace them.” With increasing demand for faster, more accurate decisions, Pibit.AI is positioning itself as the next generation underwriting partner for insurers.
CURE™ — the Centralized Underwriting Risk Environment — brings together all critical underwriting functions into one place. The platform integrates submission intake, document processing, research automation, risk evaluation and workflow management through specialized modules including ClearCURE™, DocumentCURE™, ResearchCURE™, RiskCURE™ and WorkflowCURE™. By eliminating fragmented tools and manual effort, the platform gives underwriters complete visibility and better decision quality on every submission.
This technology shift is already creating measurable impact across the industry. Customers such as HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic and Method Insurance Company have reported major boosts in efficiency and underwriting performance. Results include underwriting cycles running up to eighty-five percent faster, higher premiums per underwriter and more controlled loss ratios — demonstrating both operational and financial benefits.
Customer leaders also validate the transformation. As Adam Price, CEO of Kinetic, puts it: “Pibit AI helps us handle more than a billion dollars in submissions annually without scaling overhead.” Meanwhile, Michaela Morrison, COO of Method Insurance Services, shared that the platform enabled them to scale nationally while maintaining precision and oversight.
Commenting on the investment, Stellaris Partner Alok Goyal highlighted that underwriting has been constrained for years by slow manual review processes and unreliable data. He emphasized that CURE™ not only improves accuracy but also reduces overall costs and accelerates quote responsiveness — a competitive necessity as submission volumes grow and experienced underwriting talent declines.
With over one hundred twenty-five team members and an expanding client base, Pibit.AI plans to strengthen its AI infrastructure, deepen integrations across insurance systems and advance its risk modeling capabilities. By blending machine intelligence with human expertise, the company aims to redefine underwriting as a fast, data-rich and confident decision-making discipline for the future.
