About Pibit AI
Pibit AI is a company based in Palo Alto (United States) founded in 2020 by Akash Agarwal. Pibit AI has raised $7.64 million across 5 funding rounds from investors including ML Elevate, Y Combinator and Stellaris Venture Partners. Pibit AI offers products and services including Loss Run Report, Claim Severity Analysis, and Account Insights. Pibit AI operates in a competitive market with competitors including Sedgwick, Maxwell, Encompass, Moody's Analytics and Zafin, among others.
- Headquarter Palo Alto, United States
- Founders Akash Agarwal
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Pibit Technologies Private Limited
- Date of Incorporation 02 Apr, 2020
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$123.34 K (USD)14.13as on Mar 31, 2023
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Net Profit
-$42.31 K (USD)-609.54as on Mar 31, 2023
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EBITDA
-$42.26 K (USD)-442.06as on Mar 31, 2023
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Total Equity Funding
$7.64 M (USD)
in 5 rounds
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Latest Funding Round
$7 M (USD), Series A
Nov 20, 2025
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Investors
ML Elevate
& 8 more
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Employee Count
Not available
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Products & Services of Pibit AI
Pibit AI offers a comprehensive portfolio of products and services, including Loss Run Report, Claim Severity Analysis, and Account Insights.
Generates detailed summaries of insurance loss data for risk assessment.
Evaluates claim distributions and severity to inform underwriting decisions.
Provides insights on carrier loyalty and delayed claims for better decisions.
People of Pibit AI
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Funding Insights of Pibit AI
Pibit AI has successfully raised a total of $7.64M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Pibit AI
Pibit AI has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include ML Elevate, Y Combinator and Stellaris Venture Partners.
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Accelerator focused on early-stage machine learning startups
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Early-stage startups are accelerated via funding and educational programs.
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Venture capital firm investing in early-stage startups across fintech, software, and other sectors.
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Investor details for Pibit AI
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Investments & Acquisitions by Pibit AI
Investment portfolio details for Pibit AI
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Financial Statements - Pibit AI
Detailed financials for Pibit AI
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Pibit Ai Comparisons
Peer comparison for Pibit AI
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Competitors of Pibit AI
Pibit AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sedgwick, Maxwell, Encompass, Moody's Analytics and Zafin, among others.
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Claims administration, loss adjusting, and benefits management services are provided.
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Active borrowers are tracked and documents are managed via platform.
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Corporate Digital Identity and KYC solutions are provided by Encompass.
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Risk management software is supplied for insurance and various sectors.
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Software solutions for relationship banking in financial services are delivered.
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CRM solutions for wealth managers
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Detailed competitors of Pibit AI
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Latest news on Pibit Ai
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Frequently Asked Questions about Pibit AI
Pibit AI was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Pibit AI is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Akash Agarwal is the current CEO of Pibit AI. They have also founded this company.
Pibit AI is a funded company, having raised a total of $7.64M across 5 funding rounds to date.
Annual revenue of Pibit AI is $123.34K as on Mar 31, 2023.
Pibit AI was founded in 2020 in Palo Alto, United States, focusing on the insurance technology sector. Data analytics and decision support solutions are provided to assist the underwriting process for carriers and managing general agents. Loss-run files are transformed into reports featuring insights, while third-party data is integrated to enable informed decision-making and workflow automation in commercial underwriting. Operations center on enhancing efficiency through these AI-driven tools.
Pibit AI's top competitors include Sedgwick, Encompass and Riskonnect.
Pibit AI offers Loss Run Report, Claim Severity Analysis, and Account Insights.
Pibit AI has 9 investors. Key investors include ML Elevate, Y Combinator, Stellaris Venture Partners, Arali Ventures, and Gagan Arora.