Insurtech Pibit.AI this week announced a $7 million Series A to accelerate development of its Centralized Underwriting Risk Environment (CURETM).
The round was led by Stellaris Venture Partners with participation from Y Combinator and Arali Ventures. Pibit.AI was founded by engineer Akash Agarwal. Having grown up watching his father work late hours as an insurance agent buried in forms, he later saw how AI transformed industries like autonomous vehicles, while underwriting remained trapped in outdated workflows. The contrast sparked a question that became Pibit.AI’s foundation: if AI can drive cars, why can’t it drive better underwriting?
CURETM, transforms the end-to-end underwriting process into a unified, intelligent system. It handles submissions, document parsing, research, risk analysis, and workflow orchestration all in one environment. Each module, from ClearCURETM for triage to DocumentCURETM for document intelligence and ResearchCURETM for real-time data enrichment, helps underwriters move from raw submission to decision-ready output. RiskCURETM then evaluates each account with portfolio-specific signals, while WorkflowCURETM consolidates every task, insight, and collaboration into a single pane of glass.
“Pibit.AI was built around one idea: that AI should empower underwriters, not replace them,” said Agarwal. “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.”
In an industry where submission volumes are rising and underwriting talent is shrinking, efficiency is no longer optional. Underwriting teams still spend up to one-third of their time on manual data entry, triaging, and enrichment. Pibit.AI’s platform addresses that head-on by combining automation with an intelligent services layer that also ensures human verification and contextual oversight. It delivers accuracy that holds up under audit, consistency across teams, and visibility across entire portfolios.
The results are already measurable. Pibit.AI’s customers, including HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic, and Method Insurance Company, have reported up to 85% faster underwriting cycles, a 32% increase in gross written premium per underwriter, and up to 700 basis points of improvement in loss ratios. For carriers and MGAs, this translates to higher capacity, faster growth, and sharper risk selection.
“As a fast-moving company scaling our operations nationally, Pibit.AI played a key role in ensuring we achieved that growth without losing control,” said Michaela Morrison, COO, Method Insurance Services. “Our outcomes aren’t magic; they are the direct product of thoughtful engineering and a team that genuinely listens.”
“Underwriting has long been constrained by manual reviews, inconsistent data and tools that haven’t kept pace with rising submission volumes,” said Alok Goyal, partner at Stellaris Venture Partners. “With CURETM, 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.”
