Armilla AI

Armilla AI

Private
Toronto, OntarioEnterprise Softwarehttps://www.armilla.ai

Last Round

Seed

Feb 15, 2024

Total Funding Raised

$6M

Momentum Score

50 /100

Company Overview

Armilla AI is a venture-backed technology company that provides AI risk mitigation and transfer solutions. The company has developed a platform for AI/LLM assessment and warranty, designed to help enterprises safely adopt and deploy artificial intelligence systems. Armilla AI's services include evaluating AI models for performance, fairness, and security, as well as providing third-party assessments, certifications, and warranties backed by major reinsurers like Swiss Re, Greenlight Re, and Chaucer. The company's goal is to help businesses manage exposure, meet regulatory standards, and build trust in their AI products, ultimately de-risking AI adoption. Founded in 2020 and based in Toronto, Canada, Armilla AI is a graduate of several accelerators, including Y-Combinator and the Lloyd's Lab.

Sector

Enterprise Software

Verticals

InsurTech, Compliance & Risk, ML Platforms, Quality Management

Business Model

B2B

Customer Profile

Services & Consulting, Subscription SaaS

AI Layer

Application

Keywords

AI insuranceAI liability insuranceAI performance warrantyAI risk assessmentAI risk transferManaging General AgentMGAAI model testingLLM evaluationInsurTechResponsible AIAI auditingAI governanceAI guardrailsAI safetyLloyd's CoverholderAI Agent Security

Historical Pricing

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Caplight Momentum Score

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Armilla AI Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Armilla AI Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
SeedFeb 15, 2024
Pre SeedOct 21, 2021

Key People

Founding team and executive leadership

Baiju Devani

Chief Technology Product Officer, Cofounder

Founding Team

Karthik Ramakrishnan

CEO And Cofounder, Cofounder And Chief Product Officer

Founding Team

Armilla AI Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Nov 20, 2025

    Delivers insurance-backed AI Performance Warranty for credit union lending.

  • Oct 16, 2025

    Launched new products at ITC Vegas 2025, the insurance industry's leading innovation conference.

Armilla AI Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Armilla AI Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersToronto, Ontario
Employee Range19
Year Founded2020
Last FundingFeb 15, 2024

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