Parametrix, a provider of parametric insurance for digital business interruption, has raised $27m in Series B funding led by Mundi Ventures, FirstMark Capital, and Hannover Digital Investments, the corporate venture arm of HDI Group.
F2 Venture Capital and strategic investors also participated, taking the companyâs total funding to $45m, according to the Coverager.
Founded in 2018, Parametrix is a Lloydâs Coverholder offering coverage for financial losses caused by digital infrastructure and technology downtime.
Its policies protect businesses from disruptions such as third-party SaaS outages, service-level agreement breaches, and cloud failures. Payments are triggered automatically once a verified event occurs, using the companyâs proprietary monitoring technology, which tracks more than 7,000 cloud-based technology providers.
Alongside the funding, Parametrix is launching CyberPMX, a new cyber and technology errors-and-omissions insurance product that integrates parametric digital business interruption protection into a standard cyber policy. The offering is designed to provide businesses with financial resilience against digital downtime while complementing traditional cyber coverage.
Luis Viñas, Partner at Mundi Ventures, said: âParametrix is redefining insurance for the digital era. We believe they are building the financial infrastructure that will underpin the next generation of cloud and data centre growth.â
Amish Jani, Partner at FirstMark Capital, added: âAI is reshaping the worldâs digital infrastructure, and Parametrix is uniquely positioned as the category-defining insurance partner powering that transition. Their data-driven approach brings clarity, stability, and confidence to a market that depends on uninterrupted performance. We are proud to stand alongside them in building the future of this essential sector.â
Jonathan Hatzor, CEO of Parametrix, said: âWeâre proud to power the AI revolution with insurance designed for the core digital infrastructure behind it. Our SLA and cyber solutions are scaling rapidly as data centres and enterprise clients seek real financial resilience amid rising pressure on uptime and performance. This investment allows us to accelerate the category we created, deepen our work with the worldâs leading operators, and expand the protection backbone that modern digital infrastructure depends on.â
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