Pibit AI - About the company
Pibit AI is a series A company based in San Francisco (United States), founded in 2020 by Akash Agarwal and Karan Bedi. It operates as an AI-powered underwriting platform for commercial property and casualty insurance. Pibit AI has raised $7.64M in funding from investors like Y Combinator, Stellaris and Arali Ventures, with a current valuation of ₹*****. The company has 302 active competitors, including 76 funded and 41 that have exited. Its top competitors include companies like Sedgwick, Hyperexponential and Cytora.
Company Details
AI-powered underwriting platform for commercial property and casualty insurance. The platform transforms unstructured data into actionable insights for risk assessment. It streamlines the underwriting process by analyzing loss runs, MVRs, supplements, and third-party data. The platform categorizes coverage and accident descriptions to enable precise risk evaluation.
- Website
- pibit.ai
- Social
- Email ID
- *****@pibit.ai
- Registered Address
- PIBIT TECHNOLOGIES PRIVATE LIMITED, 2ND FLOOR, M-840 MAYFIELD GARDENS, SECTOR-51, Gurgaon, GURUGRAM, Haryana, India, 122018
Key Metrics
Founded Year
2020
Location
San Francisco, United States
Stage
Series A
Total Funding
$7.64M in 5 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jun 27, 2025
Investors
Ranked
5th among 302 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
51 as on Aug 31, 2025
Similar Companies
Legal entities associated with Pibit AI
Pibit AI is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Pibit.AI,Inc. CIN: 4232663 , United States, Active | Nov 24, 2020 | - | - | - |
PIBIT TECHNOLOGIES PRIVATE LIMITED CIN: U72900HR2020PTC086009 , India, Active | Apr 02, 2020 | $1M - $10M (As on Mar 31, 2025) | 51 (As on Aug 01, 2025) |
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Pibit AI's funding and investors
Pibit AI has raised a total funding of $7.64M over 5 rounds. Its first funding round was on Apr 09, 2021. Its latest funding round was a Series A round on Jun 27, 2025 for $*****. 3 investors participated in its latest round. Pibit AI has 8 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Pibit AI:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 27, 2025 | 4976731 | Series A | 6961403 | 5258028 | 1783330 | 7527870 |
2023 | 3813 | Seed | 5318 | 7517 | 6126 | 4090 |
Mar 27, 2023 | 3759408 | Seed | 8321952 | 1911994 |
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Pibit AI's founders and board of directors
Founder? Claim ProfileHere are the details of Pibit AI's key team members:
- Akash Agarwal: Founder & CEO of Pibit AI. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Karan Bedi: Former Co-Founder of Pibit AI.
Pibit AI's Board of Directors
Pibit AI's board has 2 active members. Akash Agarwal is part of team and Urmila Agarwal is independent board member.Here is the list of Pibit AI's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 2m | |
zktssdb | Independent board member | - | Past | 7y 5m |
View details of Pibit AI's Founder profiles and Board Members
Pibit AI's employee count trend
Pibit AI has 51 employees as of Aug 25. The total employee count is 240.0% more than what it was in Aug 24. Here is Pibit AI's employee count trend over the years:
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Pibit AI's Competitors and alternates
Top competitors of Pibit AI include Sedgwick, Hyperexponential and Cytora. Here is the list of Top 10 competitors of Pibit AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Sedgwick 1969, Memphis (United States), Acquired | Provider of claims administration, loss adjusting, and benefits management services | $2.63M | 76/100 | |
2nd | Hyperexponential 2017, London (United Kingdom), Series B | Developer of software for commercial insurance pricing and underwriting workflows | $91M | 68/100 | |
3rd | Cytora 2012, London (United Kingdom), Acquired | Risk management solutions for insurers and underwriters | $41.5M | 67/100 | |
4th | Shift Technology 2014, Paris (France), Series D | Provider of AI solutions for insurance underwriting, claims, and risk | $320M | 67/100 | |
5th | Pibit AI 2020, San Francisco (United States), Series A | AI-powered underwriting platform for commercial property and casualty insurance | $7.64M | 66/100 | |
6th | Solutions for identity verification | $2.7M | 64/100 | ||
7th | Provider of AI-driven platform for financial analysis, verification, and decisioning | $435M | 63/100 | ||
8th | Idelic 2016, Pittsburgh (United States), Acquired | Offers AI & SaaS-based fleet management software | $31.3M | 63/100 | |
9th |  AgentSync 2018, Denver (United States), Series B | Regulatory reporting software of insurance companies | $161M | 62/100 | |
10th |  Riskonnect 2007, Kennesaw (United States), Acquired | Cloud-based risk management solutions for the insurance industry | $10M | 62/100 |
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Pibit AI's Latest cap tables and shareholding
Founders own 0.01%, Funds own 14.41%, Parent Entities (largest shareholder) own 84.99% and Angels own 0.60%. The net worth of Pibit AI's founders is INR 71K as of Jun 27, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 0.01% | 71K | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 14.41% | 12Cr | 2885156 | 5080204 | 7676458 | 7977919 |
2521604 | 1846748 | 3121537 | 9201005 | 4977769 | 8877865 | |
774 | 424 | 807 | 687 | 839 | 459 | |
Parent Entity | 84.99% | 71Cr | 7852554 | 3339492 | 8191576 | 8544496 |
Angel | 0.60% | 50L | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Total | 100.00% | 83.5Cr | 6931472 | 2805716 | 1881379 | 6853247 |
To unlock detailed Cap Table of Pibit AI Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Pibit AI's Shareholding
Pibit AI's Investments and acquisitions
Pibit AI has made no investments or acquisitions yet.
Reports related to Pibit AI
Here is the latest report on Pibit AI's geography:
News related to Pibit AI
Media has covered Pibit AI for a total of 3 events in the last 1 year.
•
•
Avallon Raises $4.6M in Seed FundingFinSMEs•Nov 06, 2025•Avallon, Booom, 1984 Ventures, Y Combinator and 13 others
•
FurtherAI Secures $25M Series A Funding for Insurance AI SolutionsArtificial Lawyer•Oct 07, 2025•FurtherAI, Andreessen Horowitz, Xceedance, Apple and 15 others
•
Pibit.ai, Inc Joins Guidewire Insurtech Vanguards Programme to Transform Commercial Underwriting with AI AutomationInsurtech Insights•Oct 03, 2023•Pibit AI, Guidewire
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