Month: May 2021

Cloud outages: Why do they happen and how can you safeguard your business

The benefits of the cloud are undeniable and include improved functionality, security, efficiency, and stability. In today’s always-on, instant-everything world, it’s hard to argue against using the cloud. But the cloud, and cloud providers, are not infallible.  Every few months, news headlines are peppered with a story about the most recent cloud outage, and those …

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(TechCrunch) Parametrix Insurance raises $17.5 Million for cloud downtime insurance

Insurtech is picking up steam in a big way, but startup Parametrix thinks there is still plenty of room left to innovate. The company, which today announced the close of a $17.5 million funding round, offers insurance policies for companies that rely on third-party cloud providers, e-commerce services, payment gateways and CRM systems. In essence, downtime from one …

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FirstMark Capital leads $17.5M round for Parametrix

Funding to support rapid growth acceleration as demand soars for financial protection from outages caused by third party-cloud-based service providers May 26, 2021 – Tel Aviv, Israel and New York City, NY – Parametrix Insurance, the leading IT downtime insurance provider, today announced that it has raised  $17.5M in funding from leading VC firms including FirstMark …

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INSUREtrust and Parametrix bring IT Downtime Insurance to Emerging Risks Network

ATLANTA and NEW YORK, May 17, 2021 — INSUREtrust, the insurance industry’s leading specialty insurance brokerage for emerging risks, and Parametrix, the leading IT downtime insurance provider, today announced an agreement for Parametrix to support INSUREtrust’s exclusive group of agents and brokers by enhancing their risk management platform with a new policy that indemnifies a …

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