Otonomi, a New York-based provider of a parametric cargo insurance platform, raised $3.4M in funding.
The round was led by ATX Ventures, with participation from GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, Bering Waters, and REFASHIOND Ventures.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by Bertrand Leseigneur, Yann Barbarroux, Cecilia Rogers, Lloyd Leaverton and Jeremy Sutton, Otonomi is a parametric cargo insurance platform that charges operations with 3 proprietary technologies: decentralized oracle API triggers, claim automation via smart contracts, and algorithmic underwriting risk analytics.
FinSMEs
19/10/2022