Whalesbook
Bengaluru-based insurtech startup Pibit.AI has raised $7 million in Series A funding from Stellaris Venture Partners, Y-Combinator, and Arali Ventures. The capital will accelerate research and development, create new risk models, and drive global expansion for its flagship underwriting automation platform, Cure. Pibit.AI aims to address inefficiencies in commercial insurance underwriting by automating document intake, data extraction, and risk analysis. The company targets a 3x revenue growth trajectory, with expansion plans including Europe and India, while the US remains its primary market.