Pibit raises $7 million

Pibit.AI, a San Francisco-based startup offering an underwriting platform for carriers and MGAs, has closed a $7 million Series A round led by Stellaris Venture Partners, with participation from Y Combinator and Arali Ventures.

Founded in 2020, Pibit’s platform automates intake, triage, and data enrichment from documents and external sources while surfacing risk insights.

The startup claims that it serves “dozens” of U.S. clients including HDVI, Shepherd Insurance, RMS Insurance Brokerage, Kinetic, and Method Insurance Company.