CatX

CatX, previously named Ultravity, operates within the fintech industry, focusing specifically on the insurance sub-sector. The company, which is part of the Y-Combinator S23 batch, has raised $2.7 million in seed funding and has been recognized by TechCrunch as one of the standout startups from YC. With a team of two, CatX collaborates with over 15 leading institutional investors, including North American pension funds, hedge funds, and structured credit funds. CatX is dedicated to transforming insurance risk into a tradeable asset class, providing high-return investment opportunities to institutional investors. The company enhances its analytics capabilities by partnering with Moody’s RMS and other leading analytics firms, offering access to top-tier natural catastrophe models. CatX also digitizes the investment process and employs AI tools to streamline contract negotiations, aiming to bridge the supply and demand gap in the reinsurance industry and address the insurance coverage crisis by increasing the flow of alternative capital into the market.