What’s New at F2 | August 21 | Insights

4M Analytics Raises $11 Million Series A to Continue Mapping the Subsurface

4M Analytics, the company mapping the under earth, announced the completion of an $11 million financing round. Using a combination of remote sensing, AI, and computer vision, 4M is able to map countless miles of man-made infrastructure buried in the subsurface. We got to watch the team grow as part of our Junction pre-seed platform, and with this latest funding round, they are well on their way to revolutionizing the infrastructure industry.

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VOOM Launches First Per-Mile Motorcycle Insurance

VOOM, an Israeli insurance tech platform for new mobility, has partnered with Markel Insurance company to launch the first-of-its-kind per-mile insurance offering for motorcycles in select states across the US.

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We are excited to be providing motorcyclists with flexibility through this per-mile motorcycle insurance product,” said Tomer Kashi, CEO and co-founder of VOOM. “Enabling cost-effective insurance options for riders and drivers is our top priority. We look forward to spurring further growth across mobility, particularly in otherwise overlooked parts of the industry.”

Parametrix Partners with ELEMENT to Launch Innovative Cloud Outage Insurance in Europe

Parametrix has partnered with ELEMENT, Germany’s only 100% cloud-based insurance company, to launch a first-of-its-kind parametric cloud outage insurance, designed to cover financial losses due to downtime of third-party IT and cloud infrastructure providers.

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“After a successful launch in the US, for us the partnership with ELEMENT opens the possibility to become active in Europe — one of the biggest insurance markets in the world. A product like ours does not exist in the European market, but with the changes due to the digital transformation most businesses will need an insurance cover for downtime events in case of cloud-based outages,” says Sharon Haran, VP Europe of Parametrix.

Varada Releases Varada 3.0

Varada has announced the release of version 3.0 of its analytics platform. The new version marries the power of cloud elasticity and the query power of indexing for big data analytics, giving data teams the ability to scale analytics workloads rapidly and meet fluctuating demand. It also delivers a dramatic increase in cost performance and cluster elasticity as compared to the previous version.

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“Varada was built on the premise that indexing can transform big data analytics, if done correctly,” said Eran Vanounou, CEO of Varada. “With version 3.0, the Varada platform is now the most powerful and cost-effective way to leverage the power of big data directly atop your data lake.”