Pibit.AI Raises $7m to Push Trusted Underwriting Technology Into the Mainstream

Pibit.AI has closed a $7 million Series A round to expand the use of its CURE platform, a system built to speed up and standardise modern underwriting.

The funding brings fresh support to a company trying to solve the problems of vast submission volumes, limited talent, and tools that haven’t kept pace with the insurance industry’s demands. 

The round was led by Stellaris Venture Partners, with backing from Y Combinator and Arali Ventures.

Pibit.AI’s founder Akash Agarwal watched the slow, paperwork-heavy world his father worked in and later saw tech-driven industries move faster while underwriting barely changed. That contrast eventually impacted the central idea behind the business.

At the centre of the company’s features is CURE, a consolidated environment that takes an application from raw submission to risk-rated output. It brings together document intelligence, triage tools, research layers, risk modelling and workflow management in one system, rather than leaving underwriters to jump between fragmented tools. 

The platform includes ClearCURE™, DocumentCURE™, ResearchCURE™, RiskCURE™ and WorkflowCURE™, each responsible for a step that used to rely heavily on manual effort.

Agarwal says the aim isn’t to remove the underwriter but to give them a system that can be trusted. “Pibit.AI was built around one idea: that AI should empower underwriters, not replace them,” he said.

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

Companies using the platform are already reporting a change in how much work their teams can handle. Several clients, including HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic and Method Insurance Company, have seen underwriting cycles cut by as much as 85%, alongside increases in premium per underwriter and improvements in loss ratios. 

For businesses dealing with high submissions, these margins can determine whether growth is sustainable.

Operational leaders inside these firms say the benefits are not theoretical. Michaela Morrison, COO of Method Insurance Services, explained the impact clearly: “As a fast-moving company scaling our operations nationally, Pibit.AI played a key role in ensuring we achieved that growth without losing control.” She added, “Our outcomes aren’t magic; they are the direct product of thoughtful engineering and a team that genuinely listens.”

Kinetic’s CEO, Adam Price, also pointed to the expansion the system made possible. “Pibit.AI helps us to handle more than a billion dollars in submissions on an annual basis without scaling our overhead costs, and grow our business by close to 100% in premium because we’re able to get those looks and quotes up and running.”

For investors, underwriting is too important to remain slow or inconsistent. Stellaris Venture Partners’ Alok Goyal said the platform addresses that directly. “Underwriting has long been constrained by manual reviews, inconsistent data and tools that haven’t kept pace with rising submission volumes,” he said. 

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

Pibit.AI now employs more than 125 people and plans to deepen its infrastructure, expand integrations and build more advanced risk models.

The company also intends to broaden its API capabilities and secure additional data partnerships, making the platform adaptable to new lines of insurance and emerging risk categories.