Insurtech startup Pibit.AI has raised $7 million in its Series A funding round led by Stellaris Venture Partners. In another development, Ultrahuman has raised nearly $11.3 million in venture debt funding from Alteria Capital.
Pibit.AI raises $7m led by Stellaris
Pibit.AI, an insurtech startup building AI systems for underwriting, has raised $7 million in its Series A funding round led by Stellaris Venture Partners, per an announcement.
The funding also saw participation from Y Combinator and Arali Ventures, the company said in a statement.
The company said it will use the funds to accelerate development of its centralised underwriting risk environment (CURE) and expedite industry-wide adoption. Pibit.AI will also be investing further in AI infrastructure and integrations.
“Pibit.AI was built around one idea: that AI should empower underwriters, not replace them,” said Akash Agarwal, Founder and CEO. “Too many systems prioritise speed over trust. We’re building something that’s transparent, explainable, and decision-ready – a system that gives underwriters confidence in every output while helping them move faster than ever before.”
The company’s flagship platform CURE, transforms the end-to-end underwriting process into a unified, intelligent system. It handles submissions, document parsing, research, risk analysis, and workflow orchestration.
Alteria backs Ultrahuman
Bengaluru-based smart wearables maker Ultrahuman has raised nearly $11.3 million (Rs 100 crore) in venture debt funding from Alteria Capital to fuel its next stage of growth.
The financing will enable Ultrahuman to accelerate its market expansion, sports and research partnerships, and develop new features and software revenue streams.
“We’ve built Ultrahuman on the principles of cost-disciplined growth and capital efficiency,” said Mohit Kumar, CEO of Ultrahuman. “This partnership with Alteria allows us to accelerate expansion during this key growth season while staying true to our core principles of remaining nimble and lean.”
