Pibit.AI has raised a $7 million Series A round as the San Francisco-based insurtech company seeks to modernize underwriting through its trusted AI platform, CURE. The investment, led by Stellaris Venture Partners with participation from Y Combinator and Arali Ventures, will help the company advance its centralized underwriting system and broaden adoption across carriers and MGAs.
Founded by engineer Akash Agarwal, Pibit.AI was built around a personal observation. Agarwal grew up watching his father spend late nights buried in paperwork as an insurance agent. Years later, he saw AI revolutionize industries such as autonomous vehicles, while underwriting continued to rely on aging, manual processes. That disconnect led him to establish a company focused on transforming underwriting through intelligence, transparency, and speed.
The company’s CURE platform integrates every step of the underwriting process into a unified environment, turning raw submissions into decision-ready outputs. Its suite of modules spans triage, document intelligence, real-time research, risk evaluation, and workflow orchestration, offering underwriters a consolidated system supported by explainable AI. The platform is designed to enhance efficiency in an industry where rising submission volumes and a shrinking talent pool make productivity critical.
Pibit.AI’s customers, which include HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic and Method Insurance Company, are already seeing measurable improvements. Reported outcomes include underwriting cycles that are up to 85 percent faster, a 32 percent increase in gross written premium per underwriter, and up to 700 basis points of improvement in loss ratios. These efficiency gains enable carriers and MGAs to expand capacity, improve risk selection, and accelerate growth.
Investors view Pibit.AI’s technology as a timely solution for an industry struggling with manual workflows and inconsistent data. The company plans to use its Series A funding to expand risk modeling capabilities, strengthen integration,s and build a deeper API ecosystem that will allow the platform to adapt to new lines of business and emerging risks. With more than 125 employees and a rapidly growing customer base, Pibit.AI aims to redefine underwriting as an intelligent, scalable discipline.
KEY QUOTES
“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.”
Akash Agarwal, Founder and CEO
“As a fast-moving company scaling our operations nationally, Pibit.AI played a key role in ensuring we achieved that growth without losing control. Our outcomes aren’t magic; they are the direct product of thoughtful engineering and a team that genuinely listens.”
Michaela Morrison, COO, Method Insurance Services (a subsidiary of Cake Insure, Inc., a Pinnacol Assurance company)
“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.”
Adam Price, CEO, Kinetic
“Underwriting has long been constrained by manual reviews, inconsistent data and tools that haven’t kept pace with rising submission volumes. 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.”
Alok Goyal, Partner, Stellaris Venture Partners
