Toronto company selling Armilla Guaranteed, a third-party AI model verification and warranty platform that certifies AI systems for accuracy, fairness and robustness, with insurer-backed financial protection if a model underperforms.
Canadian innovation builds a brighter tomorrow.
Toronto company selling Armilla Guaranteed, a third-party AI model verification and warranty platform that certifies AI systems for accuracy, fairness and robustness, with insurer-backed financial protection if a model underperforms.
Armilla AI Inc. is an active Ontario corporation (BN 714072873) with its registered office in Toronto. ised-isde.canada.ca
Raised $6M CAD ($4.5M USD) seed funding closed December 2023, led by Mistral Venture Partners with MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital and Y Combinator. betakit.com
Armilla Guaranteed warranty coverage for AI products is backed by insurers Swiss Re, Greenlight Re and Chaucer. armilla.ai
Private AI's PII de-identification model is covered by Armilla Guaranteed, certifying accuracy, fairness and robustness with financial compensation if it underperforms. armilla.ai
Products Armilla AI publishes on its own site. Each card links to the page it was taken from.
AI model verification & warranty
Third-party evaluation (Armilla Verified) of an AI model's compliance, bias, robustness and security, paired with an insurer-backed warranty that refunds licence fees if the model fails to meet its performance KPIs.
Learn moreAnnounced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Dec 1, 2023
Investors: Mistral Venture Partners, MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital, Y Combinator
Publicly announced partnerships.
Private AI's PII de-identification solution is covered by the Armilla Guaranteed warranty, certifying accuracy, fairness and robustness with financial compensation for underperformance.
BUDDI AI's generative-AI medical reimbursement platform is backed by the Armilla Guaranteed warranty; its CEO credits the warranty with shortening hospital sales cycles.
Private AI's PII de-identification models became covered by Armilla Guaranteed, with the warranty backed by Swiss Re, Chaucer and Greenlight Re certifying accuracy, fairness and robustness.
Armilla AI closed a $6M CAD ($4.5M USD) seed round led by Mistral Venture Partners, with MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital and Y Combinator, to grow its AI risk-assurance business.
Armilla launched Armilla Guaranteed, combining independent AI model evaluation (Armilla Verified) with an insurer-backed warranty from Swiss Re, Greenlight Re and Chaucer that refunds licence fees if a model underperforms.
Sourced from the company's own pages or announcements.
Karthik Ramakrishnan
Chief Executive Officer
Terms the company uses about its own work.
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