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Pibit.AI

Category: AI in Fintech

Pibit.AI is an AI-powered commercial insurance underwriting platform that automates data ingestion, analysis, and risk assessment for property and casualty insurance. Pibit.AI was founded in 2020. The company is led by Akash Agarwal. Based in San Francisco, United States. Team size: 125+. Total funding raised: ~$7.6M total (all confirmed rounds). Latest round: Series A ($7M, Nov 2025 led by Stellaris Venture Partners). Key investors include Stellaris Venture Partners, Y Combinator, Arali Ventures.

Founded
2020
Headquarters
San Francisco, United States
Team size
125+
Total funding
~$7.6M total (all confirmed rounds)

Value proposition

Reduces underwriting cycle times by 85%, increases gross written premium per underwriter by 32%, and improves loss ratios by up to 700 basis points through automated risk analysis and decision acceleration.

Products and solutions

CURE™ Platform (core underwriting AI), ClearCURE (submission triage), DocumentCURE (document intelligence), ResearchCURE (data enrichment), RiskCURE (portfolio-specific risk evaluation), WorkflowCURE (orchestration & collaboration)

Unique value

Proprietary GenAI and computer vision tech to automate manual underwriting tasks that traditionally required 60-80% of underwriters' time. First to implement 'explainable AI' for insurance risk decisions.

Target customer

Commercial insurance carriers, managing general agents (MGAs), and underwriters in property and casualty insurance.

Industries served

Commercial property insurance, Commercial casualty insurance, Workers' compensation, Commercial auto insurance, Specialty insurance

Technology advantage

LLM-powered document processing handles unstructured insurance data (PDFs, commercial apps, loss runs) with 98%+ accuracy. Dynamic risk modeling adapts to evolving portfolio needs.

How they differentiate

Pibit.AI specializes in LLM-powered document AI for commercial insurance underwriting, emphasizing explainable AI and automation of manual paperwork. Competitors often focus on broader AI solutions or different insurance verticals.

Main competitors

Cytora, Federato, Planck

Key partnerships

Stellaris Venture Partners (lead investor), Y Combinator (Winter 2021 batch), Arali Ventures (follow-on investor), Commercial insurance carriers across U.S. (specific names not public)

Notable customers

HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic, Method Insurance Company

Major milestones

YC W21 (2021) startup accelerator participation, Series A funding round in November 2025, Expansion of team to 125+ employees, Development of the CURE platform for AI underwriting

Growth metrics

Not available

Market positioning

Positioned as a leader in AI-driven commercial underwriting, targeting carriers and MGAs with its CURE platform to replace manual processes with automated, accurate risk analysis.

Geographic focus

Primarily focused on the United States, serving major insurance carriers and MGAs across the country.

Patents and IP

Multiple patents pending for AI-driven risk scoring algorithms and automated document parsing technology, though none publicly filed yet.

About Akash Agarwal

Previously worked at Playment (YC W17) and graduated from IIT Roorkee. Founded Pibit.AI in 2020 after observing manual insurance underwriting challenges. Recognized in Forbes 30 Under 30 Asia 2025 for AI.

Official website: