Overview
Mantas is a P&C managing general agent regulated by the Dubai Financial Services Authority (DFSA, license F011440) and headquartered at the Dubai International Financial Centre. The company writes parametric insurance for cloud infrastructure outages, serving digital-first businesses including fintechs, airlines, e-commerce platforms, SaaS providers, and regulated enterprises that carry financial exposure from downtime at major cloud providers.
Coverage is structured around parametric triggers: payouts release automatically when predefined outage conditions at AWS, Azure, or Google Cloud Platform are confirmed, bypassing conventional claims adjustment. Maximum coverage limits reach USD 5 million per policy. The core insurance product is paired with real-time outage detection tools and a free risk calculator that lets prospective customers estimate their financial exposure to cloud downtime.
Founded in 2024, Mantas emerged from stealth in January 2026 following a USD 1.77 million seed round from Nuwa Capital, Suhail Ventures, Plus VC, and OQAL Angel Syndicate. The company operates primarily across the MENA region with plans to expand into North America.
Products & Services
Cloud Outage Insurance
Parametric insurance coverage for financial losses from cloud infrastructure downtime. Payouts trigger automatically when verified outage conditions at covered cloud providers meet predefined parameters, removing the need for traditional claims investigation.
Key Features
- Parametric triggers based on verified cloud outage conditions
- Coverage for AWS, Azure, and Google Cloud Platform outages
- Coverage limits up to USD 5M per policy
- Automatic payout execution without traditional claims adjustment
Target Users: Fintechs, airlines, e-commerce platforms, SaaS providers, and regulated enterprises dependent on cloud infrastructure
Distribution: Direct
Cyber Insurance
Coverage for cyber threats, offered alongside the cloud outage product to provide broader digital risk management for businesses with significant online exposure.
Target Users: Digital-first businesses seeking combined cloud and cyber coverage
Distribution: Direct