Parametrix has secured $27 million in Series B funding to meet soaring global demand for financial protection against data center SLA failures, cloud outages, and technology downtime. Led by Mundi Ventures, FirstMark Capital, and Hannover Digital Investments, with participation from existing investors, the round brings total funding to $45 million and caps a year of 3x revenue growth for the company’s category-defining insurance platform.

Parametrix has built the industry’s first platform capable of measuring and underwriting digital downtime at scale. Its suite of parametric downtime and cyber resilience solutions is used by Fortune 500 companies, data center operators, global carriers and asset managers that require predictable and efficient protection in a performance-driven digital environment.

The company’s proprietary monitoring network tracks more than 7,000 SaaS, PaaS and IaaS services and more than 750 data centers worldwide. Producing over one billion monthly performance data points, supporting accurate pricing, rapid trigger validation and fast payouts when disruptions occur.

Parametrix also introduced CyberPMX, a new cyber and technology E&O product that incorporates parametric digital business interruption coverage into traditional policies. It provides pre-agreed payouts that help organizations recover quickly during supply chain or service disruptions.

With new investment behind it, Parametrix is expanding its product capabilities, underwriting expertise and global reach to support the next wave of digital business growth.

For more information about Parametrix, visit www.parametrixinsurance.com.