Pibit.AI has secured $7 million in Series A funding to accelerate development of its CURE underwriting platform, an AI-driven system designed to turn complex insurance submissions into fast, trusted decisions.
The round, led by Stellaris Venture Partners with participation from Y Combinator and Arali Ventures, marks a significant step forward in the company’s ambition to modernise underwriting workflows across the industry.
Underwriting has traditionally been a labour-intensive, document-heavy process, with tools that have barely changed in decades. For Pibit.AI’s founder and CEO Akash Agarwal, the challenge is personal. Growing up watching his father spend long hours sorting forms as an insurance agent, Agarwal later saw AI transform sectors such as autonomous vehicles while underwriting remained rooted in manual processes. That contrast led to Pibit.AI’s founding question: if AI can drive cars, why can’t it drive better underwriting?
Pibit’s solution is the CURE (Centralized Underwriting Risk Environment) platform, which unifies every stage of underwriting—from submission intake and document parsing to research, risk scoring and workflow management—into one intelligent system. Modules such as ClearCURE for triage, DocumentCURE for document intelligence, ResearchCURE for data enrichment, RiskCURE for evaluation and WorkflowCURE for execution allow underwriters to move rapidly from raw submissions to decision-ready output.
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