# Akash Agarwal

> Akash Agarwal is the Founder and CEO of Pibit.AI, a Y Combinator-backed insurtech company revolutionizing commercial insurance underwriting through AI. Building on a childhood watching his father toil as an insurance agent buried in paperwork, Akash set out to automate the most labor-intensive parts of underwriting. Pibit.AI's CURE platform - Centralized Underwriting Risk Environment - processes loss runs, submission documents, and risk data at machine speed, helping insurers cut underwriting cycle times by up to 85% and improve loss ratios by up to 700 basis points. After raising a $7M Series A led by Stellaris Venture Partners in November 2025, with participation from Y Combinator and Arali Ventures, the company is scaling its AI models and data partnerships to reshape how the $1T+ P&C insurance industry makes risk decisions.

- **Role:** Founder & CEO at Pibit.AI
- **Organizations:** Pibit.AI, Y Combinator (W21), ITC Vegas 2025
- **Nationality:** Indian-American
- **Education:** Metallurgical and Materials Engineering, Indian Institute of Technology (IIT), Roorkee, Winter 2021 Batch, Y Combinator
- **Known for:** Forbes 30 Under 30 honoree, Y Combinator Winter 2021 alumni, Raised $7M Series A from Stellaris Venture Partners, Y Combinator, and Arali Ventures (November 2025)

## Career timeline

- **2018-2019** — Graduated from IIT Roorkee with a degree in Metallurgical and Materials Engineering
- **2019-2020** — Worked as Project Manager at Playment, a data annotation and AI training data platform
- **2020** — Founded Pibit.AI to bring AI-powered automation to commercial insurance underwriting
- **2021** — Accepted into Y Combinator Winter 2021 batch, received seed backing
- **2023** — Raised $500,000 seed round to accelerate product development
- **2025** — Honored on Forbes 30 Under 30 list
- **2025** — Spoke at InsurTech Connect (ITC) Vegas 2025
- **2025-11** — Closed $7M Series A led by Stellaris Venture Partners, with Y Combinator and Arali Ventures participating

## Achievements

- Forbes 30 Under 30 honoree
- Y Combinator Winter 2021 alumni
- Raised $7M Series A from Stellaris Venture Partners, Y Combinator, and Arali Ventures (November 2025)
- Built Pibit.AI to $9.8M annual revenue with 150 employees
- Platform processes $1B+ in insurance submissions annually for clients like Kinetic
- Delivered 85% faster underwriting cycles for customers
- Achieved 32% increase in gross written premium per underwriter for clients
- Up to 700 basis points (7%) improvement in loss ratios
- 96% reduction in loss run analysis time
- Speaker at InsurTech Connect Vegas 2025

## Latest updates

- **2025-11** — Pibit.AI closed a $7M Series A funding round led by Stellaris Venture Partners, with Y Combinator and Arali Ventures participating.
- **2025-11** — Akash spoke at InsurTech Connect (ITC) Vegas 2025 as a featured speaker.
- **2025** — Pibit.AI reached $9.8M in annual revenue and 150 employees.
- **2025** — Akash was named to Forbes 30 Under 30.

## Links

- Website: https://pibit.ai
- LinkedIn: https://www.linkedin.com/in/akash29196/

---

Profile page: https://yespress.io/akash-agarwal
Published by YesPress — https://yespress.io
Last updated: 2026-05-27