Armilla AI C$4.5 million seeding funding
On February 15, 2024, Armilla AI Inc. (“Armilla AI”) announced that it raised C$4.5 million in seed funding. The round was led by Mistral Venture Partners with participation from MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital and Y Combinator and insurance providers Greenlight Re and Chaucer.
The funding will enable the expansion of Armilla Guaranteed™, a quality assessment and performance guarantee for AI products.
Further information can be found on Armilla AI’s website.
Armilla AI is a Toronto-based provider of AI risk mitigation and transfer solutions on a mission to empower enterprises to safely deploy cutting-edge AI. Using industry-leading AI/LLM evaluation technology, the company assesses and quantifies the risk level of AI models to provide AI verification and warranties, backed by leading reinsurers Swiss Re, Greenlight Re and Chaucer.