India, Nov 21: Pibit.AI, an insurtech company building trusted AI systems for underwriting, has raised $7 million in a Series A round led by Stellaris Venture Partners, with participation from existing investors Y Combinator and Arali Ventures. The funding will be used to strengthen product development and accelerate industry-wide adoption of the company’s flagship Centralized Underwriting Risk Environment (CURE™).

Insurance has always been about understanding risk, but for decades, the tools have not been able to keep up with underwriters. Underwriting teams still spend up to a third of their time on manual data entry, triaging, and enrichment. In an industry where submission volumes are rising and underwriting talent shrinking, efficiency is no longer optional. Pibit.AI aims to make underwriting faster, more accurate, and above all, trusted.

“Pibit.AI was built around one idea: that AI should empower underwriters, not replace them,” said Akash Agarwal, Founder and CEO of Pibit.AI. “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.”

At the heart of Pibit.AI is CURE™, a unified, intelligent system that streamlines the entire underwriting lifecycle. It handles submissions, document parsing, research, risk analysis, and workflow orchestration in a single environment. Each module, from ClearCURE™ for triage to DocumentCURE™ for document intelligence and ResearchCURE™ for real-time data enrichment, helps underwriters move from raw submissions to decision-ready outputs in a fraction of the time taken today. RiskCURE™ evaluates each account with portfolio-specific signals, while WorkflowCURE™ brings every task, insight, and collaboration into a single workspace.

Pibit.AI’s platform has already delivered strong results for dozens of customers globally. Users of CURE™ 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 insurance providers, this translates to higher capacity, faster growth, and sharper risk selection.

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 12–18 months, the company’s roadmap includes expanded advanced risk models, API layers, and deeper data partnerships to make the CURE^TM platform even more adaptive to new lines of business and emerging risks.

Founded in 2020, Pibit.AI raised its seed round in 2023, with Arali Ventures as its first institutional.

Looking forward to hearing from you.