Parametrix, a provider of digital business interruption solutions, has raised $27 million in Series B funding led by Mundi Ventures, FirstMark Capital and HDI Group, with participation from F2 Venture Capital and several other strategic investors.
The round brings Parametrix’s total funding to $45 million and positions revenue to grow 300% by 2025, driven by growing global demand for the company’s product suite, including enterprise cyber risk solutions and data center service level agreement (SLA) protection.
The new funding will be used to scale operations across all functions of the company, including continued product development, expanding the network underwriting team, enhancing data collection and analysis, and expanding broker distribution.
Parametrix also announced the launch of CyberPMX, an enhanced all-in-one cyber insurance product that embeds parametric digital business interruption insurance into high-quality traditional cyber insurance.
The Digital BI component, underwritten by Lloyd’s of London, triggers fast, pre-agreed payouts based on clearly defined events such as disruptions to cloud services, SaaS providers, payment gateways, CRMs and other parts of the insured’s digital supply chain.
Following a successful pilot in the US, the product is now available through brokers in the US, UK, Europe and Israel and is available as primary or additional insurance, or as a standalone network solution.
“Parametrix is redefining insurance in the digital age,” said Luis Viñas, partner at Mundi Ventures. “We believe the financial infrastructure they are building will support next-generation cloud and data center growth.”
“We are proud to power the AI revolution with insurance designed specifically for the core digital infrastructure behind it,” said Jonathan Hatzor, CEO of Parametrix. “As data center and enterprise customers seek true financial resiliency amid increasing uptime and performance pressures, our SLA and network solutions are expanding rapidly. This investment allows us to accelerate the category we have created, deepen our collaboration with the world’s leading operators, and expand the protection pillars that modern digital infrastructure relies on.”
