Total raised
$44.5M
Last: Series B 2025-12
Stage
Series B
Founded
2019
Headcount
36
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Parametrix, the leading provider of digital business interruption risk solutions, is a Managing General Agent and Lloyd’s Coverholder based in New York that underwrites parametric insurance against digital supply chain interruption. Parametrix leverages proprietary technology to continuously monitor the performance of a variety of third-party IT services across the globe, and to collect granular data on service interruptions. It uses that data to assess risk, provide instant insurance quotations, and to streamline claims payments, which are delivered within days. Parametrix policies are backed by major A-rated global insurers.
Funding history · 2 rounds · $44.5M total
2025-12
Series B
$27.0M
2021-05
Series A
$17.5M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Parametrix founded and what is its primary focus?
- Parametrix was founded in August 2019. It focuses on providing parametric insurance for IT downtime, specifically against digital supply chain interruption.
- What was Parametrix's first major funding round and who were the lead investors?
- In May 2021, Parametrix raised a Series A round of $17.5 million. FirstMark Capital was the lead investor.
- What was the most recent funding round for Parametrix and when did it occur?
- Parametrix completed a Series B funding round in December 2025, raising $27 million. Mundi Ventures was the lead investor.
- How many employees does Parametrix currently have?
- Parametrix currently has 36 employees.
- In what geographic markets does Parametrix operate?
- Parametrix operates in the United States and Israel.
- What new service did Parametrix launch in April 2024?
- In April 2024, Parametrix, a Lloyd’s Coverholder, launched a new service for cloud risk modeling.
- Which companies partnered with Parametrix to launch the world's first cloud outage catastrophe bond?
- In April 2024, Hannover Re and Parametrix launched the world's first cloud outage catastrophe bond.
- What was a significant partnership for Parametrix in May 2022?
- In May 2022, Parametrix partnered with IMA on cloud downtime insurance.
- What strategic collaboration did Parametrix sign in June 2021?
- In June 2021, Parametrix signed a strategic collaboration with insurance powerhouse Sompo to insure e-commerce stores.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Data StorageCloudCDN
Target customers
Financial ServicesFinancial ProductsInsuranceFinancial InstitutionsBrokerageEnterprise & Professional ServicesEnterprisesSMBs & SMEs
Business model
B2B
Highlights
Verified
Tags
cloud-infrastructurecloud-platformit-infrastructurerisk-managementpaymentssoftware-applicationsitenterprise-solutionsinsurtechcloudfintechmonitoringartificial-intelligenceecommercerisk-assesmentscdninfrastructure-as-a-servicecloud-based