Parametrix
System interruption insurance - Make technology financially secure
System interruption insurance - Make technology financially secure
Parametrix is a Specialty cloud insurance and risk management startup that covers AWS, Azure, and GCP cloud outages. Founded in 2019, it offers bespoke policies tailored to individual client needs with clear triggers, an easy claims process, and quick payouts. The company, headquartered in New York, is a registered coverholder at Lloyd’s of London and is also backed by major A-rated global insurers. Parametrix's cloud insurance provides protection to companies against losses due to cloud outages, while its risk management capabilities help companies manage cloud exposure and cyber portfolios by driving relevant scenarios and building innovative cloud risk transfer solutions. The startup recently received a significant $27.50M Series A investment on 26 May 2021 from investors FirstMark and F2 Capital. This investment is a testament to the potential of Parametrix in the Financial Services, Fintech, Information Technology, Insurance, Insurtech industries. With its innovative approach and strong backing, Parametrix is positioned for growth and influence in the evolving landscape of cloud insurance and risk management.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | $27.50M | 2 |
|
26 May 2021 |
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