Parametrix
Parametric Insurance for IT Downtime
Startup A Fintech & Insurtech Est. 2019
Total Raised
$27.5M
A
Last Round
$27.5M
1 rounds
Investors
2
2 public
Team
6
11-50 employees
Confidence
98/100
News
17
articles
About
Parametrix, the leading provider of digital business interruption risk solutions, is a Managing General Agent and Lloydโ€™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.
Classification
Sector
Fintech & InsurtechInsurtech
Core Technology
Data StorageCloudCDN
Target Customer
Financial ServicesFinancial ProductsInsuranceFinancial InstitutionsBrokerageEnterprise & Professional ServicesEnterprisesSMBs & SMEs
Business Model
B2B
Tags
cloud-infrastructurecloud-platformit-infrastructurerisk-managementpaymentssoftware-applicationsitenterprise-solutionsinsurtechcloudfintechmonitoringartificial-intelligenceecommercerisk-assesmentscdninfrastructure-as-a-servicecloud-based
Funding & Events
May 2021
A Round $27.5M
FirstMark Capital (Lead), F2 Venture Capital
News (17)
growth-positive
UKโ€™s Cyber Monitoring Centre teams up with Parametrix Analytics ย 
Partners
Jul 24, 2024 ยท www.inc.com
The CrowdStrike Bill is $5.4 Billion. That's Just the Fortune 499: Insurer Parametrix
Apr 16, 2024 ยท www.artemis.bm
growth-positive
Lloydโ€™s Coverholder Parametrix launches new service for cloud risk modelling
Product StagePartners
Apr 15, 2024 ยท www.reinsurancene.ws
growth-positive
Hannover Re & Parametrix launch world's first cloud outage catastrophe bond
PartnersInvestment
Feb 8, 2024 ยท www.intelligentinsurer.com
growth-positive
Game changers celebrated at Intelligent Insurerโ€™s Cyber Insurance Awards Europe 2024
Nov 17, 2023 ยท www.insurancejournal.com
growth-positive
Fortune 500 Vulnerabilities to Third-Party Cloud Risk Could Result in $20B Loss: Parametrix
Sep 17, 2023 ยท www.wired.com
Wired's Top 100 Startups 2023
Apr 21, 2023 ยท techcrunch.com
growth-positive
Cloud outage insurance: Everything you need to know | TechCrunch
InvestmentPartners
Jan 26, 2023 ยท www.reinsurancene.ws
growth-positive
MS Azure outage triggers Parametrix parametric cloud insurance - Reinsurance News
May 20, 2022 ยท www.reinsurancene.ws
growth-positive
Parametrix & IMA partner on cloud downtime insurance - Reinsurance News
Partners
Mar 20, 2022 ยท finance.walla.co.il
growth-positive
Parametrix ืžืžืฉื™ื›ื” ืœื”ืชืจื—ื‘ ื•ืžื’ื™ื™ืกืช ืขืฉืจื•ืช ืขื•ื‘ื“ื™ื ืœืžืฉืจื“ื™ื ื‘ืชืœ ืื‘ื™ื‘ ื•ื‘ืืจื”"ื‘ - ื•ื•ืืœื”! ื›ืกืฃ
Expand
Mar 14, 2022 ยท forbes.co.il
growth-positive
ื ื˜ืข ืจื•ื–ื™ ื•ืื•ืจื™ ื›ื”ืŸ - Forbes Israel
CustomersInvestment
Jul 20, 2021 ยท www.geektime.co.il
growth-positive
ื”ื™ื–ืžืช ืฉืจื•ืฆื” ืœื—ื“ืฉ ืืช ืขื•ืœื ื”ื‘ื™ื˜ื•ื—: "ื›ืžื™ื™ืกื“ื™ื ื‘ื—ื ื• ื›ืžื” ืชืขืฉื™ื•ืช ื•ื”ืชื™ื™ืขืฆื ื•, ืœืชืขืฉื™ื™ืช ื”ื‘ื™ื˜ื•ื— ื”ื™ื” ืืช ื”ืคื•ื˜ื ืฆื™ืืœ ื”ื’ื“ื•ืœ ื‘ื™ื•ืชืจ"
PartnersInvestment
Jun 13, 2021 ยท www.calcalistech.com
growth-positive
Insurance powerhouse Sompo signs strategic collaboration with Parametrix to insure e-commerce stores
CustomersPartners
May 26, 2021 ยท en.globes.co.il
growth-positive
Israeli insurtech co Parametrix raises $17.5m
InvestmentExpand
Feb 28, 2020 ยท insurance-edge.net
growth-positive
Parametrix Wins UK Round of Zurich Innovation Comp -
PartnersExpand
Jan 7, 2020 ยท coverager.com
growth-positive
A look at Parametrix
CustomersExpand
Details
Product Stage
Released
Employees
11-50
Exact Count
36
District
Center District
Founded
2019
Registrar
516077823
Crunchbase
parametrix
Locations
Weizmann St 2, Tel Aviv-Yafo, Israel
Links
Admin
Last Update
Mar 2, 2025
Verified by
Jenny Sotnik-Talisman
Claimed
Yes
Missing
markets
Team (6)
Jonathan Hatzor
Co-founder & CEO
Founder
Neta Rozy
Co-founder
Founder
Tamir Carmel
Co-founder
Founder
Ori Cohen
Co-founder & COO
Daniel Benjamin
VP Insurance Product & Actuarial
Tessa Culbertson
Marketing & Communications Lead
Internal
Created by
Yotam Maman (yotamm1988@gmail.com)
Created
2019-08-11T00:00:00.000Z
Last editor
Ayelet Levi Shinebox (yayhosh@gmail.com)