Armilla AI is a funded company based in Toronto, Canada, founded in 2020 by Karthik Ramakrishnan and Dan Adamson. It operates in the Artificial Intelligence industry, specializing in AI risk mitigation and insurance solutions. Armilla AI has raised $4.5 million in Seed funding led by Mistral Venture Partners. The company offers products like AI Performance Warranty, AI Liability Insurance, and AutoGuard™ to help enterprises deploy AI technologies safely and responsibly.
Armilla AI Corporate Details & Core Services
Armilla AI is a Toronto-based company specializing in AI risk mitigation and transfer solutions. They offer AI model verification, warranties, and insurance products to help enterprises safely deploy AI technologies.
AI risk mitigationAI insuranceAI model verificationAI warrantiesAI governance
What are Armilla AI's Key Business Metrics & Stats?
No of employees
14
Founded year
2020
Type
private
Industry
Artificial Intelligence
Location
Toronto, Ontario, Canada
How much funding has Armilla AI raised to date?
Name
Description
Funding Amount
USD 4.5 Million
Stage
Seed
Latest Valuation
0 (USD)
Lead Investor
Mistral Venture Partners
Investors
Mistral Venture Partners, Greenlight Re, Chaucer, MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital, Y Combinator
What are Armilla AI's Core Products?
Name
Description
AI Performance Warranty
Provides assurance that AI systems perform as promised, offering compensation if accuracy drops below verified thresholds.
AI Liability Insurance
Offers coverage for AI-specific risks, including algorithmic errors, model drift, and generative AI hallucinations.
AutoGuard™
An intelligent firewall for generative AI, designed to help enterprises deploy AI models safely by eliminating bias and reducing hallucinations.
What are the latest developments at Armilla AI?
Date
Type
Description
February, 2024
Funding
Armilla AI raised $4.5 million in Seed funding led by Mistral Venture Partners.
September, 2023
Product Launch
Launched AutoGuard™, an intelligent firewall for generative AI.
February, 2026
Partnership
Announced a strategic partnership with A-LIGN to link ISO/IEC 42001 AI Certification to Armilla’s AI insurance.
What industry awards and recognitions has Armilla AI received?
Date
Type
Description
, 2023
Recognition
Named to FinTech Global's Insurtech100 and InsureTechConnect's Forward50.
, 2023
Award
Winner of the Responsible AI Institute’s 2023 award for most outstanding product.
What are Armilla AI's official legal and registration details?
Name
Description
Legal Name
Armilla AI Inc.
Cin number
GST number
Registration number
Who is in Armilla AI's executive leadership team?
Name
Designation
CEO
Karthik Ramakrishnan
Co-Founder
Dan Adamson
Where are Armilla AI's primary office locations?
City
Country
Toronto
Canada
What are the current business signals and market intelligence for Armilla AI?
Pain points
AI model errors, AI hallucinations, Inaccurate AI outputs, Privacy and data leakage liability, AI regulatory violations, AI model output liability, Breach of trade secrets, Inadvertent copyright infringement
Type of customer
Enterprises deploying AI technologies, AI vendors
Key customer domain
What are Armilla AI's risk management and compliance ratings?
GDPR RIsk
No
Privacy Risk
No
Company Ratings
Glassdoor Rating
What are Armilla AI's business model and service classifications?
