Company Overview
Snapshot
Founded in August 2019 by Jonathan Hatzor, Neta Rozy, and Tamir Carmel, Parametrix operates with 11–50 employees. The company has raised $44.5 million across two funding rounds from four investors. In December 2025, Parametrix secured a Series B funding round led by Mundi Ventures.
Business overview
Parametrix is a Managing General Agent and Lloyd’s Coverholder specializing in digital business interruption risk solutions. The company underwrites parametric insurance against digital supply chain interruptions by leveraging proprietary technology to continuously monitor the performance of third-party IT services globally. This approach allows Parametrix to collect granular data on service interruptions, assess risk, provide instant insurance quotations, and streamline claims payments, which are delivered within days. Parametrix policies are backed by major A-rated global insurers and primarily serve Fortune 500 companies, operating in the Fintech & Insurtech sector.
Strategic signal
In April 2024, Parametrix, in collaboration with Hannover Re, launched the world's first cloud outage catastrophe bond, Cumulus Re, valued at $13.75 million. This initiative provides Hannover Re with retrocession coverage against cloud outage loss within its cyber reinsurance portfolio, signaling a significant advancement in managing systemic risks in the cyber insurance market and demonstrating Parametrix's innovative approach to structuring risk transfer strategies.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent funding round for Parametrix?
- In December 2025, Parametrix completed a Series B funding round, which was led by Mundi Ventures.
- What is Parametrix Analytics and when was it launched?
- Parametrix Analytics is a service launched in April 2024 by Parametrix to help re/insurers manage cloud risks with high accuracy. It utilizes Parametrix's cloud monitoring platform and data to provide insights into cloud exposure, risk assessment, and financial loss quantification.
- Did Parametrix receive any industry recognition recently?
- In February 2024, Parametrix Insurance won the Cyber Insurtech of the Year award at the Intelligent Insurers Cyber Insurance Awards Europe. The company was recognized for its innovative and comprehensive solution addressing friction points in cyber insurance.
- What is the significance of the partnership between Parametrix Analytics and the Cyber Monitoring Centre (CMC)?
- In October 2024, Parametrix Analytics partnered with the Cyber Monitoring Centre (CMC) to evaluate the dependency of UK organizations on cloud infrastructure and the potential economic impacts of cloud service outages. This collaboration aims to help UK businesses and the cyber insurance industry understand cloud exposure and develop operational resilience plans.
- What was the total capital raised by Parametrix?
- Parametrix has raised a total of $44.5 million across two funding rounds.