Pibit
- Company typePrivate
- Founded2020
- HeadquartersSan Francisco, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Pibit firmographics
Firmographics- Name
- Pibit
- Legal name
- Pibit.ai, Inc.
- Website
- https://pibit.ai
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Pibit industry classification
Industry- Product category
- Insurance Underwriting Automation Software
- NAICS
- Software Publishers (513210), Custom Computer Programming Services (541511)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS)Financial & Insurance/Financial Technology (Fintech)/Insurtech Platforms (Digital Insurance Enablement)Document, Workflow & Policy Servicing Automation (RPA/No-Code)Financial & Insurance/Financial Technology (Fintech)/Insurtech Platforms (Digital Insurance Enablement)
Keywords
Where Pibit is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Pibit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription Services: Software-as-a-service platform delivered via web application with subscription-based pricing. Customers pay for access to the CURE platform and its modules. Additional implementation, customization, integration, and professional services may be offered as add-ons.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription with quote-based pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Pibit product offering
Product offeringCore offering
Pibit.AI sells CURE™, an AI-driven underwriting automation platform for commercial P&C insurance carriers and MGAs. The platform ingests unstructured submission documents (loss runs, ACORD forms, applications, SOVs, financials), classifies and enriches them using insurance-specific LLMs and external data sources, scores risk against underwriting guidelines, and orchestrates the submission-to-quote workflow. It is delivered as a multi-tenant SaaS subscription with annual quote-based pricing, plus implementation and professional services as add-ons.
Product overview
Pibit.AI offers CURE™ (Centralized Underwriting Risk Environment), an AI-driven underwriting platform that serves as the industry's first unified solution for commercial insurance carriers and MGAs. The platform comprises five integrated modules: ClearCURE™ for submission intake and appetite management, DocumentCURE™ for converting unstructured documents into structured data, ResearchCURE™ for external data enrichment from 100+ sources, RiskCURE™ for submission scoring and risk assessment, and WorkflowCURE™ for end-to-end workflow orchestration. These modules work together to automate intake, triage, and data enrichment from documents and external sources while surfacing risk insights to help win the right accounts faster, scale throughput, and reduce loss ratios.
Differentiator
Problem solved
Functional benefit
Products and services
- CURE™ Platform (Centralized Underwriting Risk Environment) The industry's first Centralized Underwriting Risk Environment that unifies documents, insights, and decisions in real time, transforming submissions into bound accounts for commercial P&C insurance carriers and MGAs through five integrated modules.
- ClearCURE™ Submission intake automation module that defines completeness and appetite checks for each line or program and applies them automatically to deliver cleared, appetite-ready submission files flowing into PAS, workbenches, and raters.
- DocumentCURE™ Document intelligence module that converts unstructured submission documents into underwriting-ready structured data with reported 100% accuracy, extracting from loss runs, ACORD forms, applications, statements of value, and financials using computer vision and NLP.
- ResearchCURE™ External research and enrichment module that brings in external account data from government records, social media, news channels, and 100+ other sources, using a proprietary NAICS and SIC code classification framework to prioritize opportunities.
- RiskCURE™ Risk scoring and assessment module providing transparent submission scoring to gauge risk exposure with comprehensive summaries and positive or negative signals aligned to underwriting guidelines.
- WorkflowCURE™ End-to-end underwriting workflow module that manages the submission-to-quote lifecycle with triaging, prioritization, and a unified underwriting console, plus portfolio-level insights and executive-ready reporting.
Quantifiable outcome
- 85% faster underwriting speed
- +6 more outcomes
Companies that use Pibit
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Pibit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature10 records
Pibit partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- CAMICO Mutual Insurance CompanyflagshipCAMICO, the largest CPA-owned insurance program in the U.S., deployed Pibit.AI's CURE underwriting platform to modernize professional liability insurance underwriting. The platform provides CAMICO's underwriters with decision-ready submissions with 99.9% precision, improving processing speed and risk evaluation for 8,000 CPA firm policyholders.
- Guidewire (InsurTech Vanguards Program)corePibit.AI joined Guidewire's InsurTech Vanguards program, enabling P&C carriers using the Guidewire platform to access AI-driven commercial underwriting automation. The partnership allows automated processing of commercial submission documents including loss runs, applications, and ACORD forms within the Guidewire ecosystem.
- Target Markets Program Administrators AssociationminorPibit.AI is a member of the Target Markets Program Administrators Association, participating in industry events and gaining visibility among program administrators and carriers.
- WSIA (Wholesale & Specialty Insurance Association)minorPibit.AI is a member of WSIA, participating in the Annual Marketplace event and gaining exposure to wholesale and specialty lines professionals.
- NAMIC (National Association of Mutual Insurance Companies)minorPibit.AI is a member of NAMIC, the national trade association for mutual insurance companies.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Pibit competitors and assessment
Company assessmentDirect peers
- Cytora: Cytora is an AI-powered commercial insurance underwriting platform that digitizes and automates risk evaluation for carriers. It is one of the closest direct competitors to Pibit's CURE platform, targeting the same commercial P&C underwriting workflow with document ingestion, risk scoring, and decision support.
- Sixfold AI: Sixfold AI builds AI-powered underwriting decisioning for commercial insurers, ingesting submission data and applying carrier-specific appetite and risk logic. Like Pibit, it is a venture-backed insurtech focused exclusively on commercial underwriting AI for carriers and MGAs.
- Federato: Federato offers an AI-driven underwriting platform for P&C insurers with submission triage, risk prioritization, and portfolio-level optimization. It targets the same primary customer segments (commercial P&C carriers and MGAs) and competes on similar AI-driven submission-to-quote workflow capabilities.
- Tractable: Tractable applies computer vision and AI to insurance, historically focused on auto claims and now expanding into underwriting. While its center of gravity is auto, it directly overlaps with Pibit's document-vision and AI-underwriting capabilities for commercial lines.
- Hyperexponential: Hyperexponential provides a pricing and underwriting analytics platform for specialty and commercial insurers, focused on portfolio pricing, exposure management, and submission decisioning. It targets the same enterprise carrier buyer and complements/competes with Pibit's RiskCURE scoring capabilities.
- Flyreel: Flyreel uses AI and computer vision to automate property insurance underwriting inspections and data capture. It overlaps with Pibit's DocumentCURE and ResearchCURE in automating submission intake and enrichment, though narrower on the property line of business.
Emerging players
- Betterview: Betterview is a property intelligence platform that applies computer vision and aerial imagery to underwriting and risk assessment for property insurers. It competes with Pibit's ResearchCURE in external data enrichment, though focused specifically on property rather than full commercial underwriting.
Broad incumbents
- Duck Creek Technologies: Duck Creek is a major core insurance software platform offering policy administration, billing, and claims for P&C carriers. As a broader incumbent, it competes with Pibit indirectly via its own emerging AI capabilities and partnerships, and is also a potential channel partner.
- Majesco: Majesco is a core insurance software platform for P&C and L&A carriers with policy, billing, claims, and analytics. As a broad incumbent in the insurance technology stack, it overlaps with Pibit on underwriting workflow and data enrichment, though at the core-systems level rather than the underwriting-decisioning layer.
- Instabase: Instabase is a horizontal AI platform for automating complex document-based workflows across financial services, insurance, and other regulated industries. It overlaps with Pibit's DocumentCURE on intelligent document processing, though as a horizontal platform rather than an insurance-specialized solution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pibit social profiles
Digital presencePibit compliance and trust
Trust signalCompliance3 records
Pibit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pibit leadership team
Management profileNumber of profiles
Profiles5 records
Pibit funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pibit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pibit
What does Pibit do?
Pibit.AI sells CURE™, an AI-driven underwriting automation platform for commercial P&C insurance carriers and MGAs. The platform ingests unstructured submission documents (loss runs, ACORD forms, applications, SOVs, financials), classifies and enriches them using insurance-specific LLMs and external data sources, scores risk against underwriting guidelines, and orchestrates the submission-to-quote workflow. It is delivered as a multi-tenant SaaS subscription with annual quote-based pricing, plus implementation and professional services as add-ons.
Is Pibit a public or private company?
Pibit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pibit founded?
Pibit was founded in 2020. It employs 101 to 250 people.
Where is Pibit based?
Pibit is headquartered in San Francisco, United States, in the North America region.
How does Pibit make money?
One revenue line is on record: saaS Subscription Services.
Who are Pibit's main competitors?
Direct peers on record are Cytora, Sixfold AI, Federato, Tractable, Hyperexponential and Flyreel. Betterview is listed as an emerging player. Broad incumbents are Duck Creek Technologies, Majesco and Instabase.
Does Pibit have an API?
Yes. If you use the Pibit.ai API, you agree to: Use the API only for lawful and permitted purposes; Respect any rate limits, quotas, or usage constraints; Not reverse-engineer, disrupt, or interfere with API functionality; Keep API keys confidential and secure. The company may update or modify API endpoints to improve reliability or performance. When changes may impact your workflows, they will provide reasonable notice.
What industry is Pibit in?
Pibit's product category is Insurance Underwriting Automation Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAK, Document, Workflow & Policy Servicing Automation (RPA/No-Code). Its NAICS code is 513210 and its SIC code is 7372.