Pibit AI raises $7m to develop AI-driven underwriting platform

Pibit AI, an insurtech company, has secured $7m in a series A funding round to expedite the development of its centralised underwriting risk environment (CURE) and support wider use of the AI platform. Stellaris Venture Partners led the round, with Y Combinator and Arali Ventures also participating. Pibit AI, which has more than 125 employees, plans to invest in further development of its AI systems and integration capabilities. Its road map outlines expansion of additional application programming inter ...