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Parametrix provides parametric insurance for business losses caused by digital and cloud service interruptions.
Founded in 2019 in New York, US, Parametrix offers insurance covering interruptions to digital and cloud-based IT systems, with rapid payouts and no cash deductibles. Its clients include businesses managing technology and cybersecurity risks in the United States and Europe. In December 2023, it raised USD 27 million in Series B funding co-led by Mundi Ventures, Hannover Digital Investments GmbH, and FirstMark Capital, with F2 Venture Capital participating.
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