Pibit.AI raises $7M for insurtech analytics and underwriting automation

Pibit.AI receives $7M funding to expand AI-driven underwriting and risk analytics solutions across India’s insurance sector.

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Pibit.AI raises $7M for insurtech analytics and underwriting automation

Pibit.AI raises $7M for insurtech analytics and underwriting automation
Insurtech startup Pibit.AI secured $7 million in a funding round backed by Stellaris Venture Partners. The company focuses on AI-driven underwriting, risk scoring and fraud detection for insurance providers. The new capital will support expansion into health and motor insurance, enhancement of proprietary risk engines and hiring across product and analytics teams.
Tags:
  • startup
  • insurtech