Overview
Pibit.ai is a San Francisco-based insurtech company modernizing commercial underwriting for carriers and MGAs through its CURE (Centralized Underwriting Risk Environment) platform. Founded in 2020 by Akash Agarwal (a Forbes 30 Under 30 honoree and Y Combinator W21 alumnus), the company automates the end-to-end submission workflow -- from intake and triage through document parsing, data enrichment, risk analysis, and workflow orchestration -- enabling underwriters to move faster and write more profitable business.
In November 2025, Pibit.ai raised a USD 7M Series A led by Stellaris Venture Partners with participation from Y Combinator and Arali Ventures, bringing total capital raised to approximately USD 7.5M. The platform now supports intake and decision workflows for more than 40 carriers and MGAs across the US. Documented customer outcomes include 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.
Products & Services
CURE Platform
CURE (Centralized Underwriting Risk Environment) is Pibit.ai's unified underwriting automation platform. It transforms the submission lifecycle through five modular components that can be deployed individually or together.
Key Features
- End-to-end submission handling from intake to decision
- Carrier-agnostic document processing across all formats
- Proprietary business classification framework (NAICS/SIC)
- Portfolio-level reporting and executive dashboards
- Agentic underwriting services with human-in-the-loop oversight
Target Users: Commercial P&C carriers, MGAs, MGA aggregators, mutual insurance companies
ClearCURE
Submission intake module with completeness checks and appetite screening. Routes qualified submissions to core systems and filters out-of-appetite accounts early.
DocumentCURE
AI-powered document intelligence that extracts underwriting-ready data from unstructured submission documents including applications, loss runs, financials, and binder/policy forms.
ResearchCURE
Real-time data enrichment module that appends external data from government records, social media, news, and other sources to submission files.
RiskCURE
Portfolio-specific risk scoring and signal detection aligned to underwriting guidelines. Evaluates each account against the carrier's book and flags risk concentrations.
WorkflowCURE
End-to-end task management and decisioning dashboard consolidating submission tasks, insights, and team collaboration into a single interface, with portfolio-level reporting.
At a Glance
- Founded
- 2020
- Headquarters
- South San Francisco, California, USA
- Employees
- 51-200
- Funding
- Series A
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- AI/ML Document Intelligence Workflow Automation Submission Management
- Insurance Verticals
- P&C Commercial Specialty/E&S Workers Compensation
- Target Customers
- Carriers, MGAs/MGUs
Customers
- HDVI
- Shepherd Insurance
- Kinetic
- RMS Insurance Brokerage
- Method Insurance Company (subsidiary of Cake Insure / Pinnacol Assurance)
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Last updated: 2026-06-05