Otonomi

About

First-to-market parametric cargo insurance platform

Brooklyn,New York,United States
1 - 10
https://www.otonomi.ai/

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $3.37M
Industries: Air Transportation,Blockchain,FinTech,Insurance,InsurTech,Logistics,Mobile,Payments,Transportation
Founded date: Jan 1, 2021
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Otonomi, Inc.

OTONOMI is a blockchain-enabled parametric platform that transforms cargo insurance policies into fast, cost-effective, and transparent digital products. Powered by our proprietary technologies in data-activated triggers, smart contracts, and integrated digital wallets, we reduce claim resolution times from 45 days to 45 minutes, lowering admin costs by 75%. Our dynamic pricing and advanced risk scenario capabilities unleash new markets while achieving unparalleled profitability.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$3.47M

Otonomi has raised a total of $3.47M in funding over 2 rounds. Their latest funding was raised on Oct 18, 2022 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 18, 2022	Seed	$3.37M	9	ATX Venture Partners	—	Detail
Jan 11, 2021	Pre-seed	$100K	1	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

10

Otonomi is funded by 10 investors. ATX Venture Partners and Altari Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
ATX Venture Partners	Yes	Seed
Altari Ventures	—	Seed
Bering Waters Ventures	—	Seed
Blackhorn Ventures	—	Seed
Greenlight Reinsurance	—	Seed
GSR Ventures	—	Seed
Punja Global Ventures	—	Seed
REFASHIOND Ventures	—	Seed
SoundBoard Venture Fund	—	Seed
(ERA) Entrepreneurs Roundtable Accelerator	—	Pre-seed