Underwriting automation startup Pibit.AI has raised $7 million in a Series A round led by Stellaris Venture Partners, with participation from Y Combinator and Arali Ventures. The funding will accelerate development of the company’s Centralized Underwriting Risk Environment (CURE) and deepen adoption across insurance carriers in India and global markets.
Capital to Build CURE and Expand Product Teams
The company will use the proceeds to strengthen engineering, enhance its AI stack and support enterprise deployments. Pibit.AI aims to scale adoption of CURE, its unified underwriting environment that manages the full lifecycle of insurance submissions from intake to decision-making.
AI System Designed for Accuracy, Trust and Reduced Manual Work
Founded in 2020 by Akash Agarwal, Pibit.AI builds AI systems specifically for underwriting teams that continue to rely heavily on manual workflows. The platform is designed to improve decision accuracy, reduce operational load and deliver transparent outputs that underwriters can audit and trust.
CURE comprises five integrated modules:
• ClearCURE for triage and submission routing
• DocumentCURE for document parsing and intelligence
• ResearchCURE for real-time enrichment and data gathering
• RiskCURE for account-level risk assessment
• WorkflowCURE for task coordination and team collaboration
Together, these modules consolidate fragmented processes into a single system that enhances speed and consistency while reducing repetitive work.
Meeting Rising Submission Volumes and Limited Specialist Capacity
Pibit.AI serves underwriting teams across multiple markets. The company says rising submission volumes and shortage of specialist underwriters have increased demand for AI-driven workflow systems that can support risk selection and improve turnaround time.
Final Take
With fresh capital and growing enterprise interest, Pibit.AI is positioning itself as a trusted AI infrastructure layer for underwriting teams seeking accuracy, transparency and operational efficiency.
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