Insurtech startup Pibit AI raises seven million dollars for underwriting platform

Insurtech startup Pibit AI, which builds artificial intelligence systems for underwriting, has raised seven million dollars in a Series A round led by Stellaris Venture Partners, with participation from existing investors Y Combinator and Arali Ventures.

The fresh capital will be used to deepen product development and accelerate adoption of the company flagship platform, the Centralized Underwriting Risk Environment, known as CURE, across the insurance industry.

Pibit AI is trying to solve a long standing problem at the heart of insurance. Underwriting has always depended on understanding risk, yet many teams still rely on fragmented tooling and heavy manual work. The company notes that underwriters often spend up to a third of their time on data entry, triage and enrichment, even as submission volumes rise and experienced talent becomes harder to find.

“Pibit AI was built around one idea that AI should empower underwriters, not replace them,” said Akash Agarwal, founder and chief executive officer of Pibit AI.

“Too many systems prioritise speed over trust. We are building something that is transparent, explainable and decision ready, a system that gives underwriters confidence in every output while helping them move faster than ever before.”

CURE is designed as a unified environment that streamlines the underwriting lifecycle from intake to decision. It handles submissions, document parsing, research, risk analysis and workflow orchestration in one place, reducing the need to switch across multiple tools.

The platform is composed of several modules, including ClearCURE for triage, DocumentCURE for document intelligence and ResearchCURE for real time data enrichment. Together, these help underwriters move from raw submissions to decision ready outputs with fewer manual steps. RiskCURE evaluates each account using portfolio specific signals, while WorkflowCURE consolidates tasks, insights and team collaboration in a single workspace.

Alok Goyal, partner at Stellaris Venture Partners, said underwriting has been constrained for years by manual reviews and inconsistent data.

“With CURE, Pibit AI automates and unifies these workflows, improving accuracy, reducing costs and accelerating quote generation to drive higher revenue. We are excited to partner with Akash and lead Pibit AI Series A round as it scales,” he said.

Over the next twelve to eighteen months, Pibit AI plans to expand its risk models, application programming interface layers and data partnerships so that CURE can adapt more easily to new lines of business and emerging risk categories. The company is positioning itself as a long term infrastructure partner for insurers that want trustworthy AI embedded in their underwriting operations.

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