Pibit.ai raises $7M from Cenyur to bring reliable AI underwriting to the insurance sector
Pibit.ai received $ 7 million in a series to accelerate the development of its treatment platform, an AI-driven system designed to transform the delivery of complex, reliable insurance.
The round, led by Stellaris Venture partners with participation from Y Coundinator and Arali, marks a major step forward in the company’s recognition of excellence in the field.
Documenting has traditionally been a very comprehensive, large document process, with tools that have changed over the decades. For Fibit.ai’s Founder and CEO Akash Agarwal, the challenge is personal. Growing up watching his father spend many hours sorting through forms as an insurance agent, later Agarwal saw the fields of AI transform as autonomous vehicles while writing autonomous vehicles. That comparison led to pit.ai’s founding question: If AI can drive cars, why can’t it write better?
Pit’s Priece solution (the scripting section)), including all stages of scripting deviations and documenting and workflow management – in one built-in program. Modules such as the clarity of Triage, Dectioncure of PRODE Intelligence, research to enrich the data, operational risks and others to allow subscribers to move quickly from the release of prepared decisions.
Agarwal emphasized that the treatment is designed to support waver writers. “AI should empower writers, not take over their jobs,” he said. “Too many systems prioritize speed over reliability. We’re building a platform that’s transparent, descriptive and gives professionals the confidence to move quickly without sacrificing accuracy.”
With import volume increasing and underwriting talent in short supply, insurers are struggling to be efficient. Underwriters can still spend up to a third of their time on Brain and Triage data entry. Pibit.ai aims to solve this by combining advanced automation with human verification, ensuring accuracy that resists group checks and group changes.
Early results from clients such as HDVI, shepherd insurance, RMS Insurance Company, Kinetic and Medic Insurance Company Show show showwwring bycres adren are-55, 32 percent of the Premium written by the underwriter and making 700 points of improvement of points in the loss of points. For carriers and MGAs, this has translated into sharper risk selection, increased capacity and faster growth.
Insurance leaders say progress is already being seen. Michaela Morrison, COO of Method Insurance Services, said Pibit.ai played an important role in the high performance “without losing control”. Adam Price, Kinetic’s CEO, added that the platform enables the company to process more than a billion dollars a year “without increasing Premium costs.
Investors say the company is rewriting the way writing is done. Alok Goyal, a partner at Stellaris Venture Partner, said the industry has long been held back by manual reviews and inconsistent data. “Through therapy, Pibit.ai automates and streamlines workflows, improving accuracy, reducing costs and accelerating support for Akash and the team as they scale.”
Pibit.ai now employs over 125 people and plans to expand its AI infrastructure, integration and data relationships. Its RoadMap includes advanced risk models and API layers designed to adapt the platform to new lines of insurance and emerging risks.
As insurers face mounting pressure from rising submission volumes and a shrinking talent pool, Pibit.AI is positioning itself as the bridge between human judgment and next-generation technology—turning underwriting from a largely manual craft into an intelligent, scalable science.
