--- title: Insurtech Mantas raises $1.8 mn to insure cloud outages with parametric cover description: "\"Discover Mantas, a new player in the world of parametric insurance. With $1.77M in seed funding, they aim to provide financial protection for cloud outages in MENA and North America.\"" image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg --- 1 min read # Insurtech Mantas raises $1.8 mn to insure cloud outages with parametric cover [![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hubfs/insurance_nerds_logo.png) Insurance Nerds Editorial Team ](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Jan 27, 2026 5:03:44 PM ![Insurtech Mantas raises $1.8 mn to insure cloud outages with parametric cover](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ### Introducing Mantas: A New Player in Parametric Insurance Mantas, a digital risk startup, has officially come out of stealth mode with the announcement of $1.77 million in seed funding. The company's focus is on launching a parametric insurance product that covers cloud outages, particularly targeting markets in the Middle East and North Africa (MENA) as well as North America. ### What Exactly is Parametric Insurance? Parametric insurance is a type of coverage that pays a predetermined amount based on specific triggering events, rather than traditional claims processes. In the case of Mantas, the product aims to provide financial protection for businesses that experience disruptions due to cloud outages, a growing concern in today’s digital landscape. ### Key Players and Funding Overview The $1.77 million funding round was led by notable investors in the insurtech space, indicating a strengthening interest in tech-driven insurance solutions. While the full list of investors has not been disclosed, their backing highlights the confidence in Mantas' approach to addressing a significant risk faced by companies reliant on cloud services. ### Market Impact The introduction of this insurance product could benefit a wide range of businesses, especially those heavily invested in cloud technology. By providing rapid financial relief in the event of outages, Mantas aims to help companies mitigate losses and maintain operational stability. This is particularly relevant as cloud dependency continues to rise across various industries. ### What’s Next for Mantas? As Mantas prepares to launch its parametric insurance, it will be interesting to see how the product is received in the market. The startup is positioning itself to cater to a growing demographic of businesses that are recognizing the importance of safeguarding their digital infrastructure. Original Source: [https://beinsure.com/news/insurtech-mantas-raises-1-8-mn/](https://beinsure.com/news/insurtech-mantas-raises-1-8-mn/) - [Tweet](https://twitter.com/share) [![Markel rolls out new insurance product for insurtech companies](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/markel-rolls-out-new-insurance-product-for-insurtech-companies) #### [Markel rolls out new insurance product for insurtech companies](https://insnerds.com/news/markel-rolls-out-new-insurance-product-for-insurtech-companies) ![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Jun 12, 2025 8:56:05 AM Markel Insurance Introduces InsurtechRisk+ Markel Insurance has announced the launch of a new insurance product called InsurtechRisk+, specifically... 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[Read More](https://insnerds.com/news/how-consumer-trust-is-shaping-the-insurance-technology-insurtech-market) ![](https://px.ads.linkedin.com/collect/?pid=7110236&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Insurance Nerds Editorial Team", "url" : "https://insnerds.com/news/author/insurance-nerds-editorial-team" }, "datePublished" : "2026-01-27T22:03:44.000Z", "headline" : "Insurtech Mantas raises $1.8 mn to insure cloud outages with parametric cover", "image" : [ "https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg" ], "mainEntityOfPage" : { "@id" : "https://insnerds.com/news/insurtech-mantas-raises-1.8-mn-to-insure-cloud-outages-with-parametric-cover", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insnerds.com/hubfs/InsNerds%20Large%20print%20quality.png" }, "name" : "Insurance Nerds" } } ```