Parametrix raises $27 million
Parametrix, a provider of parametric insurance for digital business interruption, has raised $27 million in Series B funding led by Mundi Ventures, FirstMark Capital, and Hannover Digital Investments (CVC of HDI Group), with participation from F2 Venture Capital and strategic investors. To date, the company has raised $45 million.
Founded in 2018, Parametrix is a Lloyd’s Coverholder offering coverage for the financial cost of digital infrastructure and technology downtime, covering everything from third-party SaaS disruptions, SLA breaches, and cloud outages. Policies pay a pre-agreed amount once a defined triggering event is verified using the company’s monitoring technology, which tracks “more than 7,000” cloud-based tech companies.
The company says it can provide over $100 million in coverage per risk with backing from ~20 syndicates at Lloyd’s of London.
Beyond the funding, Parametrix is introducing CyberPMX, a new Cyber and technology E&O insurance product that integrates parametric digital business interruption protection into a standard cyber policy.
“Parametrix is redefining insurance for the digital era. We believe they are building the financial infrastructure that will underpin the next generation of cloud and data center growth.” – Luis Viñas, Partner at Mundi Ventures.
“AI is reshaping the world’s digital infrastructure, and Parametrix is uniquely positioned as the category-defining insurance partner powering that transition. Their data-driven approach brings clarity, stability, and confidence to a market that depends on uninterrupted performance. We are proud to stand alongside them in building the future of this essential sector.” – Amish Jani, Partner at FirstMark Capital.
”We’re proud to power the AI revolution with insurance designed for the core digital infrastructure behind it. Our SLA and cyber solutions are scaling rapidly as data centers and enterprise clients seek real financial resilience amid rising pressure on uptime and performance. This investment allows us to accelerate the category we created, deepen our work with the world’s leading operators, and expand the protection backbone that modern digital infrastructure depends on.” – Jonathan Hatzor, CEO of Parametrix.
