Mantas exits stealth with $1.77 million to cover cloud outages

Mantas Launches with $1.77 Million Funding for Parametric Insurance

Mantas, a UAE-based insurtech startup, has made its debut by announcing a pre-seed funding round of $1.77 million. With this financial backing, the company aims to provide parametric insurance solutions, specifically targeting the challenges associated with cloud outages.

What is Parametric Insurance?

Parametric insurance is an innovative approach that pays out automatically based on a pre-defined trigger event. In this case, Mantas is focusing on coverage related to disruptions in cloud services, offering businesses a way to mitigate potential losses without the lengthy claims process common in traditional insurance. This can be particularly appealing to tech companies that rely heavily on cloud infrastructure.

Key Players Involved

The funding round included participation from various investors who recognize the growing need for alternative insurance models in the digital age. Mantas aims to leverage this investment to enhance its technology and expand its offerings to businesses globally.

Impact on the Industry

The entrance of Mantas into the insurtech space is notable as it highlights the evolving landscape of commercial insurance. With increasing reliance on digital services, cloud outages pose substantial risks for many organizations. Thus, Mantas' parametric approach could fill a critical gap in the market and provide businesses with timely financial support during disruptions.

Conclusion

As Mantas begins its journey in the insurance world, it illustrates how insurtech is adapting to contemporary challenges. With a focus on technology-driven solutions and fast payouts, Mantas could influence how companies protect themselves against the risks associated with cloud computing.

Original Source: https://www.wamda.com/2026/01/mantas-exits-stealth-1-77-million-cover-cloud-outages