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Otonomi
Otonomi provides parametric insurance solutions for the logistics industry, specializing in coverage for delays in time-critical freight. Using data and smart contracts, the company offers automated insurance products to protect against supply chain disruptions.
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Description
Otonomi is an insurtech company that provides parametric insurance for time-critical freight and the logistics industry. They offer automated insurance policies for cargo delays by leveraging data from partners like Chainlink and BlueBox Systems, and using smart contracts for claims processing. Their products, including a cargo delay index on the Nasdaq Global Index Data Service, aim to provide fast, transparent coverage. Otonomi serves industries such as Life Sciences, Perishables, Aerospace, Hi-Tech, and Automotive. The company's team has extensive experience in finance, insurance, and blockchain. Otonomi Insurance Services, LLC is a licensed insurance producer in numerous US states and also operates with certain restrictions in several countries including Cambodia, Chile, Mexico, Peru, Hong Kong, India, Singapore, and Turkey.Grant Funding
VC Funding
None
2022
$0
$3.4M