Mantas raises $1.77m to bring parametric insurance to cloud downtime

January 27, 2026

Mantas, a company focused on insuring digital infrastructure risks, has emerged from stealth after securing a $1.77m seed funding round to launch parametric insurance for cloud downtime.

The seed round includes participation from Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and strategic angel investors.

The capital will be used to support product development, strengthen risk modelling, and fund early customer deployments across the MENA region and North America.

Mantas’ launch comes amid increasing reliance on hyperscale cloud infrastructure, where even short outages can halt transactions, disrupt operations, and damage customer trust. Instead of relying on lengthy claims processes, Mantas’ parametric model enables fast and transparent payouts once predefined outage conditions are met, providing businesses with immediate financial certainty.

The company offers tailored cloud outage insurance alongside real-time cloud risk monitoring. Its coverage targets digital-first organisations such as FinTechs, SaaS providers, e-commerce platforms, airlines, and regulated enterprises, helping them both respond to outages and better understand their exposure before failures occur.

Mantas CEO Basil Mimi said, “Cloud downtime is now one of the largest unpriced liabilities in the digital economy, as outages at AWS and Azure in late 2025 demonstrated.

“Businesses have engineered their systems for scale and speed, but the financial layer has not kept up. Parametric insurance allows us to turn cloud outages into a measurable and insurable risk, giving companies certainty at the exact moment they need it most.”

Arnav Danthi, principal at Nuwa Capital said, “Downtime is often treated as a technical issue, but for digital businesses it’s increasingly a financial one. Mantas’ approach stood out to us because it ties insurance coverage directly to how infrastructure behaves in the real world, rather than how it’s described on paper. That’s an important step forward for this type of risk.”