Mantas is emerging from stealth along with a seed funding round of $1.77 million to introduce parametric insurance for cloud outages.
The funding round 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.
“Cloud downtime is now one of the largest unpriced liabilities in the digital economy, as outages at AWS and Azure in late 2025 demonstrated,” said Basil Mimi, CEO and co-founder of Mantas. “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.”
Mantas provides tailored cloud outage insurance combined with real-time cloud risk monitoring, the company said.
Its coverage is designed for digital-first companies whose revenues and operations depend on continuous cloud availability, including fintechs, airlines, ecommerce platforms, SaaS providers, and regulated enterprises.
When predefined outage conditions are met, payouts trigger automatically, providing fast and transparent liquidity that allows businesses to respond, recover, and protect customer trust.
Beyond coverage, Mantas also delivers risk intelligence to help companies understand their exposure and strengthen infrastructure decisions before failures occur.
The need for this shift is becoming increasingly apparent as cloud adoption concentrates risk across a small number of critical platforms, according to the company. In North America, cloud outages are increasingly systemic rather than isolated incidents. In the Middle East, governments and enterprises are scaling cloud infrastructure at record speed as they leapfrog into cloud-first operations. In both regions, financial protection lags behind technological reliance, creating structural exposure across digital-first industries.
Mantas plans to expand its platform alongside the evolving use of cloud and AI infrastructure, the company said. The long-term vision is to ensure businesses are never left financially exposed as their technology stacks and dependencies evolve.
For more information about this news, visit https://mantas.ai.