Funding and Development - Pibit AI has secured $7 million in a Series A funding round led by Stellaris Venture Partners, with participation from Y Combinator and Arali Ventures [1] - The funding will expedite the development of its centralized underwriting risk environment (CURE) and support wider use of its AI platform [1] Product Features and Capabilities - The CURE platform coordinates all stages of the underwriting process, including submissions, research, document processing, risk evaluation, and workflow management [2] - Key modules of the CURE platform include ClearCURE for triage, ResearchCURE for real-time data updates, DocumentCURE for document processing, RiskCURE for portfolio analysis, and WorkflowCURE for task management [3] Automation and Human Oversight - Pibit AI employs automation alongside human oversight to support verification and contextual assessment at each step of the underwriting process [3] - The company's philosophy emphasizes that AI should empower underwriters rather than replace them, focusing on transparency and trust [4] Client Impact and Performance Metrics - Clients of Pibit AI have reported achieving up to 85% more speed in underwriting cycles, a 32% growth in gross written premium per underwriter, and an improvement of up to 700 basis points in loss ratios [5]