# Otonomi

> Otonomi is a New York-based insurtech that sells parametric insurance for cargo delays and disruptions across air, ocean, and e-commerce parcel shipments. Instead of the traditional claims process, its platform uses AI/ML underwriting, real-time shipment tracking, and blockchain-backed settlement to quote in seconds and pay out automatically once a delay crosses a defined threshold - regardless of cause. Founded in 2021 by Yann Barbarroux and Jeremy Sutton, the company targets freight forwarders, shippers, and brokers moving time-critical goods such as pharmaceuticals, perishables, high-tech components, and automotive parts.

- **Founded:** 2021
- **Headquarters:** New York, United States
- **Founders:** Yann Barbarroux (CEO & Co-Founder), Jeremy Sutton (CTO & Co-Founder)
- **Team size:** ~25 employees
- **Products:** Parametric Delay Coverage, 3-Hour Air Cargo Delay Insurance, Cargo Insurance (Temperature-Variation), Real-Time Cargo Tracking, Subscription Plans
- **Notable:** First to market with parametric air cargo delay insurance, including a 3-hour delay product, Alumnus of Lloyd's Lab accelerator and a Lloyd's Coverholder, Closed an oversubscribed $5M Series A in October 2025, bringing total funding to roughly $8.4M+

## Products & services

- **Parametric Delay Coverage** — Automated delay insurance for maritime, air freight and e-commerce parcel logistics, with automatic payouts once a delay crosses a defined threshold - up to $500K per shipment, regardless of cause.
- **3-Hour Air Cargo Delay Insurance** — A parametric product covering ultra-short, high-cost air cargo delays, triggered when transit time exceeds a set threshold.
- **Cargo Insurance (Temperature-Variation)** — All-risk cover for perishables and reefer shipments protecting against temperature excursions, up to $3M per shipment.
- **Real-Time Cargo Tracking** — Global monitoring across aviation, maritime and parcel assets that feeds the underwriting and automatic claims engine.
- **Subscription Plans** — On-demand spot coverage, monthly bundles and customizable annual programs for shippers, brokers and freight forwarders.

## Achievements

- First to market with parametric air cargo delay insurance, including a 3-hour delay product
- Alumnus of Lloyd's Lab accelerator and a Lloyd's Coverholder
- Closed an oversubscribed $5M Series A in October 2025, bringing total funding to roughly $8.4M+
- Global FIATA partnership giving access to freight forwarders worldwide
- Settles delay claims in as little as 45 minutes versus an industry norm of weeks

## Latest updates

- **2025-10** — Closed a $5M Series A led by Hivemind Capital with Rothschild & Co Asset Management, ATX Venture Partners, Portline Capital and Cyberport, to fund global expansion and AI underwriting.
- **2025-01** — Expanded parametric cargo insurance across additional transport modes (ocean and e-commerce parcel) beyond air freight.
- **2026-01** — Announced a global partnership with FIATA to distribute cargo and delay insurance to member freight forwarders.

## Links

- Website: https://otonomi.ai
- LinkedIn: https://www.linkedin.com/company/otonomi
- Twitter/X: https://twitter.com/OTONOMI3

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Profile page: https://yespress.io/otonomi
Published by YesPress — https://yespress.io
Last updated: 2026-07-25