Mantas, a cloud risk focused InsurTech start up, has emerged from stealth with a $1.77 million seed round aimed at a problem many digital businesses still struggle to price correctly: cloud outages. With this backing, Mantas plans to accelerate product development, deepen its outage risk models, and begin early deployments across the MENA region and North America. The founder, Basil Mimi, had a cloud outage experience while ordering food, which highlighted the vulnerability of basic cloud services. On the other hand, in the Middle East, governments and organizations are rapidly expanding cloud infrastructure. By correlating insurance with real-world infrastructure patterns, Mantas essentially redefines downtime as a quantifiable risk rather than a hypothetical one.