What is Parametrix?
Founded in 2018 by Tamir Carmel, Ori Cohen, Neta Rozy, and Yonatan Hatzor, Parametrix Solutions, Inc. has emerged as a leader in providing parametric insurance solutions designed for modern digital business risks. The company offers cutting-edge analytics and insurance products that enable businesses, insurers, and reinsurers to effectively quantify, manage, and transfer the exposure associated with digital interruption events. Parametrix operates as a Managing General Agent and a registered Lloyd's Coverholder, with its policies underwritten by major A-rated global insurers. Their parametric policies are distinguished by their simplicity: a pre-agreed payout is issued once specific, predetermined thresholds for events like cloud outages, e-commerce downtime, or payment failures are met, bypassing traditional lengthy claims processes and ensuring rapid compensation. The company's proprietary technology continuously monitors global IT service performance, providing accurate risk assessment, instant quotes, and streamlined claims, thereby helping businesses hedge external risks and secure revenue streams.
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 FirstMark Capital, HDI Group, Mundi Ventures, and F2 Venture Capital
Key Investors in Parametrix
FirstMark Capital
FirstMark Capital is a venture capital firm known for its investments in technology and information management sectors. They focus on backing innovative companies that are shaping the future of their industries.
Mundi Ventures
Mundi Ventures is an investment firm that supports founders in deep tech, insurtech, and fintech, emphasizing bold entrepreneurs building solutions for significant challenges and fostering technological advancements.
F2 Venture Capital
F2 Venture Capital is an early-stage venture capital firm that partners with founders to build transformative startups, providing capital and strategic guidance through its Operator Platform.
What's next for Parametrix?
With its recent major strategic investment and substantial overall capital, Parametrix is well-positioned to accelerate its market expansion and further develop its technological capabilities. The company's focus on parametric insurance for digital business interruption and cloud downtime addresses a critical and growing need in the market. Future strategic initiatives are likely to involve enhancing its risk modeling, expanding its underwriting partnerships, and broadening its product offerings to cover an even wider array of digital risks. This sustained backing from prominent investors suggests a clear path towards scaling operations, increasing market penetration, and solidifying its position as a key player in the insurtech landscape, particularly in managing the complex risks of the digital economy.
See full Parametrix company page
