Mantas

Based in the UAE, Mantas Insurance Solutions specializes in parametric insurance solutions that protect businesses from digital risks, particularly cyber threats and cloud service outages. Mantas is a Dubai-based company founded in 2024, focusing on providing insurance solutions for digital risks. The firm has made a significant pivot to concentrate on parametric insurance, ensuring immediate coverage for businesses affected by cyber threats or cloud outages. Mantas successfully raised USD 1.

77 million in SEED funding on January 27, 2026, from investors including Nuwa Capital, Oqal, Plus Venture Capital, and Suhail Ventures. The total amount raised to date is also USD 1. 77 million, following this funding round. The founder's history is not specified, nor are any parent or subsidiary company details.

Mantas Limited specializes in providing parametric insurance solutions tailored for businesses facing digital risks, particularly those related to cyber threats and cloud outages. The company’s core offerings include cyber insurance and cloud outage insurance, both designed to address the unique challenges posed by modern cloud-based infrastructures. By leveraging real-time data, Mantas delivers instant coverage that activates upon specific, measurable events, ensuring that businesses receive immediate financial support when disruptions occur. The primary customer base consists of professional clients and market counterparties, notably within the Middle East and Africa (MEA) region.

Mantas also incorporates integrated detection and prevention tools for all policyholders, enabling them to identify potential cloud outages before they impact operations, thereby enhancing the value of their offerings. Mantas Limited generates revenue through its insurance intermediation and management services, focusing on the B2B sector. Revenue transactions typically occur on a subscription basis where businesses purchase policies that provide coverage for specific risks, such as operational costs, reputation damage, and revenue loss associated with cloud outages. The firm’s pricing structure is designed to be straightforward, ensuring that clients understand the coverage they are acquiring without hidden complexities.

Mantas’ flagship products include its cloud outage insurance, which is specifically tailored to meet the needs of cloud-native businesses, allowing for immediate payouts triggered by verifiable incidents. Additionally, the company's parametric insurance model facilitates rapid claims processing, enhancing customer satisfaction and retention. In January 2026, Mantas raised USD 1. 77 million in Seed funding, which will be utilized to support its product development and expansion plans.

The company is working on new insurance products aimed at further addressing digital risks and is exploring opportunities to enter additional markets, particularly in the Middle East and Africa (MEA) region. The specific timelines for these expansions and product launches are currently under planning.