Odaily News Blockchain insurance technology company Otonomi announced the completion of a new round of financing of US$3.4 million, led by ATX Ventures, with participation from GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, Bering Waters, REFASHIOND Ventures, etc. The new funds are intended to support its construction of a blockchain-driven parametric cargo platform, aiming to reduce management costs by 90% and improve claims time and efficiency. (Insurtechinsights)