Pibit.ai
Pibit.ai, headquartered in Palo Alto, CA, specializes in automating the underwriting process using advanced AI technologies, significantly enhancing productivity and accuracy in the B2B operations sector.
Company Overview
Pibit.ai, headquartered in Palo Alto, CA, operates within the B2B industry, focusing on operations. The company is part of the W21 Y Combinator batch and has a team of 30 employees. Pibit.ai also has offices in San Jose, CA, Lewes, DE, and Gurugram, Haryana, India. The company serves regions including the United States, America, Canada, and supports remote and partly remote work.
Services
Pibit.ai specializes in providing advanced AI-enabled data processing solutions. The company's platform includes three layers of AI for sorting, extraction, and contextual understanding of data. Pibit.ai offers a data verification platform with features such as flagging and drawing tools for editing, a customizable summary report feature, and a feedback loop for continuous model improvement. Their solutions promise rapid deployment within 2 weeks and include guided implementation and integration services.
Technologies
Pibit.ai leverages a combination of AI technologies, including Computer Vision, Natural Language Processing (NLP), and large language-based models for data extraction. The company's AI models index and extract data from unstructured documents like Excel, PDF, JPG, Word, and TIFF. Pibit.ai's system includes automated quality checks and expert reviews to ensure data accuracy and offers a secure data storage solution on US-based cloud servers.
Data Security
Ensuring data security is a priority for Pibit.ai, which complies with SOC 2 Type II and ISO 27001 certifications. The company's platform stores data on secure US-based cloud servers, providing a secure environment for data handling. With advanced AI systems and constant model training, Pibit.ai maintains high standards of accuracy and reliability in its data processing and verification services.
Impact on Underwriting
Pibit.ai's solutions are designed to significantly enhance the efficiency and accuracy of the underwriting process. By converting unstructured documents into actionable insights, the platform increases underwriting productivity by 5x and reduces loss ratio by 6%. Pibit.ai's services can save costs by 40% and increase overall productivity by 10x. The company's advanced AI and data extraction capabilities provide underwriters with a 360-degree view of customers, enabling more timely and accurate decision-making.