--- title: Mantas launches parametric insurance for cloud outages description: "\"Discover Mantas, the new InsurTech player offering parametric insurance for cloud outages. With $1.77M in funding, their innovative solution streamlines claims and helps businesses recover faster.\"" image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg --- 1 min read # Mantas launches parametric insurance for cloud outages [![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 28, 2026 7:58:19 AM ![Mantas launches parametric insurance for cloud outages](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ### New InsurTech Player: Mantas Launches Parametric Insurance for Cloud Outages Mantas, a new InsurTech startup focused on cloud risk, has recently unveiled its parametric insurance product designed to address cloud outages. The company has successfully completed a seed funding round, raising $1.77 million to support its initiatives. ### Funding and Support The funding attracted contributions from several investors, including Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and a group of strategic angel investors. This financial boost aims to enhance Mantas’ product development and risk modeling capabilities, as well as to facilitate early deployments with potential customers. ### What is Parametric Insurance? Parametric insurance is a type of coverage that pays out a predetermined amount based on specific events or triggers, rather than requiring traditional claims processes. In the context of cloud service outages, Mantas’ offering could be particularly beneficial for businesses that face operational disruptions due to downtime in cloud services. ### Potential Impact This innovation comes at a time when organizations increasingly rely on cloud services for their operations. Downtime can lead to significant financial losses, making insurance solutions like Mantas’ essential for risk management. By streamlining the claims process and providing quicker payouts, this product could help businesses recover faster when facing service interruptions. As Mantas begins its journey in the insurance space, it will be interesting to see how it develops its product and engages with early customers. The success of their parametric insurance model may pave the way for more tailored insurance solutions in the tech landscape. Original Source: [https://fintech.global/2026/01/28/mantas-launches-parametric-insurance-for-cloud-outages/](https://fintech.global/2026/01/28/mantas-launches-parametric-insurance-for-cloud-outages/) - [Tweet](https://twitter.com/share) [![Mantas exits stealth with $1.77 million to cover cloud outages](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/mantas-exits-stealth-1.77-million-cover-cloud-outages) #### [Mantas exits stealth with $1.77 million to cover cloud outages](https://insnerds.com/news/mantas-exits-stealth-1.77-million-cover-cloud-outages) ![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) : Jan 27, 2026 2:02:53 AM Mantas Launches with $1.77 Million Funding for Parametric Insurance Mantas, a UAE-based insurtech startup, has made its debut by announcing a... 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[Read More](https://insnerds.com/news/oip-insurtech-joins-insurity-as-a-system-integrator-partner-to-enhance-insurance-technology-implementations) ![](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" : "2026-01-28T12:58:19.000Z", "headline" : "Mantas launches parametric insurance for cloud outages", "image" : [ "https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg" ], "mainEntityOfPage" : { "@id" : "https://insnerds.com/news/mantas-launches-parametric-insurance-for-cloud-outages", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insnerds.com/hubfs/InsNerds%20Large%20print%20quality.png" }, "name" : "Insurance Nerds" } } ```