What is Parametrix?
Founded in 2018, Parametrix is a New York-based insurtech firm that specializes in parametric insurance solutions designed to protect businesses from the financial consequences of cloud downtime and digital service interruptions. Operating as a Managing General Agent and Lloyd's Coverholder, the company utilizes proprietary technology to monitor third-party IT services in real-time. This allows for the quantification of risk and the delivery of automated, pre-agreed compensation payments when specific downtime thresholds are breached. By eliminating the traditional, often protracted claims settlement process, Parametrix provides a streamlined, transparent, and highly efficient mechanism for companies to hedge against the risks inherent in modern SaaS, PaaS, and IaaS ecosystems.
How much funding has Parametrix raised?
Parametrix has raised a total of $44.5M across 2 funding rounds:
Series A
$17.5M
Series B
$27M
Series A (2021): $17.5M with participation from F2 Ventures and FirstMark Capital
Series B (2025): $27M led by Mundi Ventures, F2 Venture Capital, HDI Group, and FirstMark Capital
Key Investors in Parametrix
Mundi Ventures
Mundi Ventures is an investment firm that supports bold and purpose-driven founders in various sectors including deep tech, insurtech, fintech, and climate tech.
F2 Venture Capital
F2 Venture Capital is an early-stage venture capital firm that partners with bold Israeli founders to build transformative startups from inception to growth.
FirstMark Capital
FirstMark is an early-stage venture capital firm headquartered in New York City that backs exceptional founders and provides a platform designed to accelerate growth.
What's next for Parametrix?
With this major enterprise-level funding, Parametrix is well-positioned to accelerate its product development and deepen its penetration into the global insurance and reinsurance markets. The strategic focus will likely center on enhancing its cloud outage analytics engine and expanding its portfolio of insurance products to cover a broader spectrum of digital risks. As the company scales, it aims to further integrate its solutions into the workflows of major global insurers, reinforcing its role as an essential partner for businesses navigating the complexities of digital transformation and external IT dependencies. The capital will also support the expansion of its technical team and the refinement of its risk modeling capabilities, ensuring that Parametrix remains the industry standard for digital interruption insurance.
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