Parametrix has raised $27 million in a Series B round led by Mundi Ventures, FirstMark Capital, and Hannover Digital Investments to enhance its innovative platform focused on insurance solutions for digital business interruptions.

Target Information

Parametrix has successfully raised $27 million in Series B financing, with Mundi Ventures, FirstMark Capital, and Hannover Digital Investments leading the investment round, supported by several long-term investors. The company has developed an innovative platform that addresses critical challenges in the digital economy, particularly focusing on insurance solutions for digital business interruptions, such as cloud outages and service-level agreement breaches.

By utilizing real-time monitoring and data-driven risk modeling, Parametrix is able to offer fast and transparent payouts, setting itself apart from traditional insurance providers that often involve prolonged claims processes. Their insurance products are underwritten by insurers at Lloyd’s of London, showcasing their credibility in the industry.

Industry Overview

The digital infrastructure sector has experienced rapid growth, driven by the increasing reliance on cloud services, AI, and distributed systems. As businesses migrate their operations to digital platforms,