Parametrix, a provider of parametric insurance for digital business interruption, has raised $27M in Series B funding to scale its parametric insurance model that automatically pays out for digital infrastructure downtime, targeting the growing risk posed by cloud, SaaS, and AI-driven systems. The launch of CyberPMX signals a strategic move to embed parametric triggers into traditional cyber insurance, positioning Parametrix as core financial infrastructure rather than a niche add-on. Investor commentary underscores a broader thesis: as AI and cloud dependency intensify, insurance is shifting from reactive claims to real-time, data-driven risk transfer.

Parametrix Raises $27m to Expand Parametric Digital Insurance