Parametrix Insurance is a technology company.
Parametrix Insurance has raised $28.0M across 1 funding round.
Parametrix Insurance has raised $28.0M in total across 1 funding round.
Parametrix Insurance has raised $28.0M in total across 1 funding round.
Parametrix Insurance's investors include Ambridge Capital, Curie.Bio, F2 Capital, FirstMark Capital, Gradient Ventures, Operator Partners, Christian Reber, Lucas Cranach, Martin Sinner, Moshe Lichtman, Stephan Schambach, Vivek Garipalli.
Parametrix Insurance is a technology-driven insurtech company specializing in parametric insurance solutions designed to protect businesses from digital business interruption caused by technology downtime such as cloud outages, API failures, and data center disruptions. Their product leverages proprietary monitoring technology, data science, and actuarial expertise to deliver fast, transparent, and reliable payouts triggered automatically by predefined outage events. Parametrix serves digital businesses, insurers, reinsurers, and brokers by providing coverage that addresses the operational and financial risks of technology service interruptions, enabling resilience in the digital infrastructure ecosystem[1][2][4].
Founded in 2018 by Tamir Carmel, Ori Cohen, Neta Rozy, and Yonatan Hatzor, Parametrix emerged from the recognition of a critical gap in insurance coverage for technology downtime risks. The founders brought backgrounds in insurance, technology, and actuarial science to build a parametric insurance platform that automates risk assessment, underwriting, and claims payments. Early traction was supported by participation in Lloyd’s Lab Accelerator in 2020, which helped refine their SME insurance product and deepen actuarial modeling capabilities. The company operates as a Managing General Agent (MGA) and Lloyd’s coverholder with offices in the USA, Israel, UK, and Germany, serving markets including the USA, Europe, Israel, and Japan[2][3].
Parametrix rides the growing trend of digital transformation and cloud dependency, where businesses increasingly rely on third-party digital infrastructure that introduces new operational risks. The timing is critical as traditional insurance products often fail to cover or respond quickly to technology downtime. Parametrix’s parametric model aligns with market forces demanding faster, data-driven, and transparent insurance solutions tailored for digital ecosystems. By quantifying and transferring digital interruption risk, Parametrix not only protects businesses but also enables insurers and reinsurers to better manage emerging cyber and technology risks, influencing the evolution of insurance products in the digital age[1][2][4].
Looking ahead, Parametrix is well-positioned to expand its footprint as digital infrastructure continues to grow in complexity and criticality. Trends such as increased cloud adoption, API-driven services, and the rise of SaaS platforms will drive demand for parametric insurance solutions that offer certainty and speed in claims. The company’s ongoing innovation in data analytics and monitoring technology will likely enhance underwriting precision and broaden coverage options. As digital risks evolve, Parametrix’s influence may extend beyond insurance into risk management and resilience strategies, solidifying its role as a key enabler of business continuity in the digital economy[1][2][4].
Parametrix Insurance has raised $28.0M across 1 funding round. Most recently, it raised $28.0M Series A in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $28.0M Series A | Ambridge Capital, Curie.Bio, F2 Capital, FirstMark Capital, Gradient Ventures, Operator Partners, Christian Reber, Lucas Cranach, Martin Sinner, Moshe Lichtman, Stephan Schambach, Vivek Garipalli |