Parametrix Insurance
419 Park Ave S, Floor 6, New York, NY, 10016, United States
Overview
Parametrix Insurance is a digital infrastructure insurer specializing in coverage for cloud and data-center downtime and cyber incidents. Its platform continuously monitors performance of more than 7,000 cloud-based technology providers and about 750 data centers, generating over one billion data points each month to quantify risk and automate claims. Policies offer pre-agreed, rapid payouts when defined outages occur, eliminating the need for traditional loss adjustment. The company recently expanded beyond cloud downtime to cover any computer-system failure and has launched a cyber insurance product that embeds digital business-interruption protection within standard cyber policies. Parametrix focuses on large enterprises, including Fortune 500 clients, and distributes its products through insurance brokers rather than direct sales. Management reports revenue in the “tens of millions of dollars” and says the business has tripled annually while operating with a lean 30-person team split between Israel and the United States.
- Total raised
- $45M
- Funding rounds
- 2
- Latest round
- Series B
- Latest activity
- Dec 2025
Industries
- Financial Services
- FinTech
- Information Technology
- Insurance
- InsurTech
- Software
Recent funding
Series B
Dec 2025
$27M
Equity
Jun 2021
$18M