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Mantas launches with funding round to insure cloud downtime with parametric coverage

January 27, 2026SSN Staff

DUBAI, UAE — Cloud infrastructure company Mantas announced its launch alongside a seed funding round to introduce parametric insurance for cloud outages. The round totals $1.77 million and includes participation from Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and strategic angel investors. The capital will support product development, risk modeling, and early customer deployments across the MENA region and North America. The launch comes as reliance on hyperscale...

Basil Mimi, Cloud, infrastructure, Insurance, Mantas