Pibit.AI has raised $7 million in its Series A round, led by Stellaris Venture Partners, with continued support from Y Combinator and Arali Ventures. The fresh capital will power the company’s push to modernize underwriting through its end-to-end intelligence platform, CURE™.
Founded by Akash Agarwal, Pibit.AI aims to repair longstanding inefficiencies in the insurance ecosystem. Agarwal emphasized the company’s core belief that AI should empower underwriters, not replace them, especially as insurers face mounting pressure for faster and more accurate risk decisions.
CURE™ (Centralized Underwriting Risk Environment) consolidates all major underwriting functions into a single platform. It integrates submission intake, document processing, research automation, risk evaluation, and workflow orchestration through specialized modules such as ClearCURE™, DocumentCURE™, ResearchCURE™, RiskCURE™ and WorkflowCURE™. By removing tool fragmentation and manual work, the platform enhances visibility, consistency, and decision quality across all submissions.
The impact is already visible among insurers adopting the platform. Companies including HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic, and Method Insurance Company have reported significant improvements in underwriting performance. Results include up to 85% faster underwriting cycles, increased premium productivity per underwriter, and more stable loss ratios—strengthening both operational efficiency and financial outcomes.
Industry leaders are also recognizing the shift. According to Adam Price, CEO of Kinetic, Pibit.AI enables the company to manage over $1 billion in annual submissions without added overhead. Michaela Morrison, COO of Method Insurance Services, noted that the platform supported their nationwide expansion while maintaining high levels of accuracy and oversight.
Commenting on the investment, Alok Goyal, Partner at Stellaris, said the underwriting function has long been constrained by slow manual processes and unreliable data. He highlighted that CURE™ not only sharpens accuracy but also cuts costs and accelerates quote turnaround times—critical advantages as submission volumes rise and experienced underwriting talent becomes scarce.
Backed by a team of over 125 professionals, Pibit.AI plans to enhance its AI infrastructure, strengthen ecosystem integrations, and advance its risk-modeling engine. With its blend of machine intelligence and human expertise, the company is positioning itself as a transformative underwriting partner for the insurance industry’s future.
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