# Rainyday Parametrix Insurance

**Source:** https://www.startuphub.ai/startups/rainyday-parametrix-insurance
**Profile type:** Startup

> Parametrix offers bespoke cloud outage insurance with transparent triggers and quick payouts.

## About

Parametrix provides parametric insurance solutions for business interruption, specifically for digital infrastructure and technology risks. Their core product offers coverage for data center SLAs, cyber and tech E&O, and enterprise risk, with a parametric trigger that detects performance issues and initiates quick payouts. They serve businesses seeking to eliminate digital interruption risk and build trust in their technology.

## Key facts

- **Slug:** rainyday-parametrix-insurance
- **Website:** http://www.parametrixinsurance.com
- **Location:** New York, United States
- **Founded:** 2018-12-01
- **Employees:** 42
- **Operating status:** Active
- **Total funding:** $18M
- **Sectors / tags:** Insurance, Fintech, InsurTech, Parametric Insurance, AI-Driven Parametric Insurance, Cloud Insurance, Cyber Insurance
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/parametrix-insurance/

## Frequently asked

### What does Rainyday Parametrix Insurance do?

Parametrix provides parametric insurance solutions for business interruption, specifically for digital infrastructure and technology risks. Their core product offers coverage for data center SLAs, cyber and tech E&O, and enterprise risk, with a parametric trigger that detects performance issues and initiates quick payouts. They serve businesses seeking to eliminate digital interruption risk and build trust in their technology.

### What is Rainyday Parametrix Insurance's revenue?

StartupHub estimates Rainyday Parametrix Insurance's annual revenue at $23.1M (range $12.2M to $34.3M, 65% confidence), based on comparable companies in the sector.

### What is Rainyday Parametrix Insurance's valuation?

StartupHub estimates Rainyday Parametrix Insurance's effective valuation at $74.9M (range $43.8M to $105.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Rainyday Parametrix Insurance raised?

Rainyday Parametrix Insurance has raised a total of $18M in funding. The most recent round on record is Series A.

### Where is Rainyday Parametrix Insurance headquartered?

Rainyday Parametrix Insurance is headquartered in New York, United States.

### When was Rainyday Parametrix Insurance founded?

Rainyday Parametrix Insurance was founded in 2018.

### What industry does Rainyday Parametrix Insurance operate in?

Rainyday Parametrix Insurance operates in Insurance, Fintech, InsurTech, Parametric Insurance, AI-Driven Parametric Insurance, Cloud Insurance.

### How many employees does Rainyday Parametrix Insurance have?

Rainyday Parametrix Insurance has approximately 42 people on record.

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