Pibit.AI, an insurtech startup developing AI-driven underwriting systems, has secured $7 million in a Series A round led by Stellaris Venture Partners, with continued support from existing investors Y Combinator and Arali Ventures.
The startup plans to use the new capital to enhance product development and accelerate the adoption of its flagship Centralized Underwriting Risk Environment (CURE) across the insurance sector.
Pibit.AI noted that while insurance revolves around assessing risk, industry tools have not evolved quickly enough to support underwriters. Many teams still spend up to a third of their time on manual data entry, triage, and data enrichment. With submission volumes rising and the underwriting talent pool shrinking, the company emphasized that efficiency has become essential. Pibit.AI aims to make underwriting faster, more accurate, and more dependable.
Akash Agarwal, founder and CEO of Pibit.AI, said, “Pibit.AI was built around one idea: that AI should empower underwriters, not replace them. Too many systems prioritize 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.”
Furthermore, CURE operates as a comprehensive system that optimizes the underwriting process by managing submissions, parsing documents, conducting research, analyzing risk, and coordinating workflows within a single environment.
The platform’s modules—ClearCURE for triage, DocumentCURE for document intelligence, and ResearchCURE for real-time data enrichment—enable underwriters to transform raw submissions into actionable decisions more quickly. RiskCURE assesses each account using portfolio-specific indicators, while WorkflowCURE brings together tasks, insights, and team collaboration in one integrated workspace.
Alok Goyal, Partner at Stellaris Venture Partners, said, “Underwriting has long been constrained by manual reviews, inconsistent data, and tools that haven’t kept pace with rising submission volumes. 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.”
Over the next 12 to 18 months, Pibit.AI plans to broaden its advanced risk models, API frameworks, and data partnerships so the CURE platform can better adapt to new business lines and emerging risk categories.
