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Pibit.ai
AddedFeb 19, 2024
UpdatedJun 18, 2026
Pibit.ai

Pibit.ai

Seed

Pibit.ai: Revolutionizing P&C insurance with AI-driven document structuring and data enrichment for smarter decisions.

HQ
Palo Alto, CA, US
Founded
2020
Accelerator
Y Combinator logoY CombinatorW21
Overview
Compare
Fundraising
Employees
Website

Pibit.ai, an insurtech startup, aims to revolutionize the commercial Property & Casualty (P&C) insurance industry through AI-powered document structuring and data enrichment. Founded with a mission to streamline the underwriting process, Pibit.ai transforms unstructured submission documents like loss runs and Statements of Values (SOVs) into structured data. This enriched data, combined with insights from third-party sources, provides a comprehensive view that enhances decision-making and automation within commercial underwriting workflows.

Pibit.ai has garnered attention from leading carriers and Managing General Agents (MGAs) for its innovative solutions. The company boasts significant achievements, including a 5x increase in underwriting productivity and a 6% reduction in loss ratios. By automating submission intake and providing faster, accurate loss run analysis, Pibit.ai has made a substantial impact on the efficiency and effectiveness of the P&C insurance sector.

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Pibit.ai - Quick Facts

Who are Pibit.ai's competitors?

Companies similar to Pibit.ai include Sixfold AI, Foundation AI, Pythonic AI and Savvi AI.

When was Pibit.ai founded?

Pibit.ai was founded in 2020.

Where is Pibit.ai's headquarters located?

Pibit.ai's headquarters is located in Palo Alto, CA, US.

When was Pibit.ai's last funding round?

Pibit.ai's most recent funding round was for $500k (USD) in March 2023.

How much has Pibit.ai raised to-date?

As of Mar 10, 2023, Pibit.ai has raised a total of $625k (USD).

How many employees does Pibit.ai have?

Pibit.ai has 31 employees as of Feb 4, 2024.

Pibit.ai - Classification

Ownership
  • Venture Capital
Technology
  • AI
  • Machine Learning
Geographic Exposure
  • Americas
Revenue
  • Recurring
  • Software
Customer
  • Enterprise
Main Product
  • Data Enrichment
Tags
  • Data Information
  • Insurtech
  • SaaS
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7371Computer Programming Services
Show 5 more industry codes
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7372Prepackaged Software