Rainyday Parametrix Insurance

Business Overview

Active
Operating Status
Dec 2018
Founded
29
Employees
B2B
Business Model
Software
Offering Type
Description
Parametrix Insurance provides insurance policies covering third-party IT downtime events such as cloud outages, e-commerce downtime, payment failures, and other disruptions from SaaS, PaaS and IaaS platforms. Our parametric policies are simple: hassle-free claims & quick payments. Our fast-paying, automatically-triggered policies provide technology-reliant businesses with the liquidity and business continuity they need to quickly recover after downtime occurs.
Sectors

Founders

Rainyday Parametrix Insurance
Yonatan Hatzor
CEO
Serial Entrepreneur
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Rainyday Parametrix Insurance
Ori Cohen
COO
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Rainyday Parametrix Insurance
Neta Rozy
CTO
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Board Members and Advisors

Rainyday Parametrix Insurance
Maor Friedman
Board Observer

Funding Rounds

$17.5 M

Total Funding

2

Funding Rounds
Seed
Last Funding Series

Startup Profile Funding Rounds

Date Announced

Funding Round

Amount Raised

Investors

May 2021
Series A
$17.5 M
October 2020
Seed

AI Technology Stack

1
AI Team Size
1
AI Technologies
AI Types

More Startups

STATUS
Active
STATUS
Inactive
STATUS
Active
STATUS
Active
STATUS
Active
FUNDING
$21 M
FUNDING STAGE
Series A
STATUS
Active
STATUS
Active
FUNDING
$4 M
FUNDING STAGE
Series A
STATUS
Public
FUNDING
$228.7 M
FUNDING STAGE
Series D
STATUS
Active
FUNDING
$91.5 M
FUNDING STAGE
Series D
STATUS
Active
STATUS
Active
STATUS
Active
FUNDING
$4.3 M
FUNDING STAGE
Seed
STATUS
Acquired
FUNDING
$4 M
FUNDING STAGE
Series A
STATUS
Active
FUNDING STAGE
Seed
STATUS
Active

Startup Snapshot

Operating Status
Active
AI Team Size
1
Total Funding
$17.5 Million
Founded
December 2018
Funding Stage
Seed
Time Since Last Funding Round
2 months

Competitors

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