Machine Cover
Cloud-based platform offering parametric solutions for business interruption, travel delays, and more.
- 30
- Company
- Boston, MA, USUnited States
Machine Cover supplies the technology that insurance and near‑insurance marketplaces need to offer parametrics. It measures IP‑addressable devices such as websites, servers, and IoT sensors with scanning technology and analyses the data using a machine‑learning algorithm. The firm also runs a platform built to sell and service any parametric offering.
Its whole stack is exposed through access‑controlled REST APIs, letting partners embed the offerings directly inside their own websites and mobile apps. There is no claim process to determine the loss, and insurance carriers and MGAs sell parametrics as add‑ons to their base insurance offerings.
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Quick Facts
Who are Machine Cover's competitors?
Companies similar to Machine Cover include Plover Parametrics, Cover, MyCover.ai and Vertical Insure.
When was Machine Cover founded?
Machine Cover was founded in 2018.
Where is Machine Cover's headquarters located?
Machine Cover's headquarters is located in Boston, MA, US.
When was Machine Cover's last funding round?
Machine Cover's most recent funding round was for $1.5M (USD) in February 2025.
How much disclosed funding has Machine Cover raised?
As of Feb 19, 2025, Machine Cover has disclosed funding of $4M (USD). Undisclosed round amounts are excluded.
How many employees does Machine Cover have?
Machine Cover has 30 employees as of Feb 4, 2024.
Classification
- Industry
- Technology
- Model
- Revenue
- Customer
- Tags
- SEC CIK
- 0002061869
- EIN
- 82-3662303
- NAICS
- 524000Insurance Carriers and Related Activities
- 524100Insurance Carriers
- 520000Finance and Insurance
- SIC
- 6300Insurance Carriers
- Industry
- —Financial Services Companies
- —Health Insurance Companies
- —Insurance Companies
- —Life Insurance Companies
Show 7 more industry codes
- NAICS
- 524110Direct Life, Health, and Medical Insurance Carriers
- 524113Direct Life Insurance Carriers
- 524114Direct Health and Medical Insurance Carriers
- SIC
- 6310Life Insurance
- 6320Accident And Health Insurance And Medical Service Plans
- 6321Accident And Health Insurance
- 6000Depository Institutions