Mantas is a Dubai-based insurtech startup building parametric insurance products that protect digital-first companies such as fintechs, e-commerce platforms, and SaaS providers from the financial impact of cloud infrastructure interruptions on services like AWS and Azure. Its platform continuously monitors cloud performance in real time, verifies outages through independent data sources, and triggers automatic payouts without the need for traditional claims processing. By combining real-time cloud risk monitoring with automated compensation, Mantas aims to eliminate a critical liability for companies whose revenues depend on uninterrupted cloud availability. The company is led by CEO and Co-Founder Basil Mimi. Newly raised capital will be directed toward advancing its risk-modeling engine, refining the insurance product, and executing early customer deployments across the MENA region and North America. Although still at the seed stage, Mantas is positioning itself as a specialized insurer for modern, cloud-reliant enterprises seeking faster, data-driven coverage.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026