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Parametrix logo — System interruption insurance - Make technology financially...

Parametrix

System interruption insurance - Make technology financially secure

Founded 2019 United States New York, United States 35 employees Series A Total: $27.50M Financial Services, Fintech +3

General Information

Company Name Parametrix
Founded Year 2019
Location United States New York, United States
Employees 35
Industries Financial Services, Fintech, Information Technology +2
Funding Stage Series A
Social

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About Parametrix

Parametrix is a Specialty cloud insurance and risk management startup that covers AWS, Azure, and GCP cloud outages. Founded in 2019, it offers bespoke policies tailored to individual client needs with clear triggers, an easy claims process, and quick payouts. The company, headquartered in New York, is a registered coverholder at Lloyd’s of London and is also backed by major A-rated global insurers. Parametrix's cloud insurance provides protection to companies against losses due to cloud outages, while its risk management capabilities help companies manage cloud exposure and cyber portfolios by driving relevant scenarios and building innovative cloud risk transfer solutions. The startup recently received a significant $27.50M Series A investment on 26 May 2021 from investors FirstMark and F2 Capital. This investment is a testament to the potential of Parametrix in the Financial Services, Fintech, Information Technology, Insurance, Insurtech industries. With its innovative approach and strong backing, Parametrix is positioned for growth and influence in the evolving landscape of cloud insurance and risk management.

Business keywords: insurtech, cloud insurance, cyber insurance, parametric insurance, business interruption insurance, systemic risks, cyber risks, cyber catastrophe, risk modeling, third-party risk management, continuous monitoring, vendor risk management, cyber systemic risk management, cloud outage

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $27.50M 2
FirstMark
FirstMark, F2 Capital
26 May 2021

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FAQ About Parametrix

System interruption insurance - Make technology financially secure
Parametrix was founded in 2019.
Parametrix is headquartered in New York, United States.
Parametrix operates in Financial Services, Fintech, Information Technology, Insurance and Insurtech. Its work centres on insurtech, cloud insurance, cyber insurance and parametric insurance.
Parametrix has approximately 35 employees.
Parametrix has completed 1 funding round, raising a total of $27.50M. The latest funding stage is Series A.
Top alternatives and competitors to Parametrix include Corax, Descartes Underwriting, Howden Finland Oy, Kovrr, Climatica. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Parametrix and Corax are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Parametrix, https://bouncewatch.com/company/parametrix, updated 31 December 2024. When citing, please name BounceWatch and link this page.

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