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Pibit.AI
Pibit.AI is a San Francisco-based insurtech startup founded in 2020, with operations in Palo Alto, California. The company focuses on modernizing commercial underwriting for insurance carriers and Managing General Agents (MGAs) through advanced AI and machine learning solutions. Its mission is to enhance efficiency in the insurance industry by automating the submission workflow, allowing underwriters to make quicker and more accurate decisions. The flagship product, the CURE™ platform, offers a centralized underwriting risk environment. It features capabilities such as document intelligence, data enrichment, and an agentic workflow that automates the entire underwriting process. Pibit.AI's services include loss run report automation, claim severity analysis, and decision support, significantly reducing manual data entry and improving underwriting speed and accuracy. Pibit.AI has a diverse client base in both India and the United States, including notable companies like IFFCO and Hero Group. The company has raised approximately $7.5 million in funding and is backed by prominent investors, including Y Combinator. With a growing team of experts, Pibit.AI is positioned to drive innovation in the insurance sector.
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$10M