Parsyl combines IoT hardware and software to monitor, understand and mitigate risks to perishable goods in transit and storage. Its platform enables shippers to insure cargo using data-driven insights and connected sensor data. The company has launched ColdCover™ by Parsyl Insurance, a suite of connected cargo insurance products powered by its IoT platform. Parsyl is an approved Coverholder with Lloyd’s of London and its policies are backed by Ascot Group. It is licensed to offer cargo insurance in multiple U.S. states and the United Kingdom. The company plans to expand its insurance product suite into additional states, advance industry-specific product degradation algorithms and grow its team.

Total raised

$15M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2020