Armilla AI - About the company
Armilla AI is a seed company based in Toronto (Canada), founded in 2020 by Karthik Ramakrishnan. It operates as a Provider of AI insurance and AI software performance warranties for businesses. Armilla AI has raised $6.37M in funding from investors like Y Combinator, Spearhead and C2 Ventures. The company has 13 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Flow, INTX Insurance Software and Foxen.
Company Details
Provider of AI insurance and AI software performance warranties for businesses. It offers coverage for generative AI and AI agents, including AI system certification and risk reporting. The company’s policies address gaps across cyber, technology, errors and omissions, and general liability. It provides risk assessment, ongoing monitoring, and incident coordination services.
- Website
- www.armilla.ai/
- Email ID
- *****@armilla.ai
- Registered Address
- 129 HONEYWELL ROAD,HONEYWELL ROAD,LONDON,ENGLAND,SW11 6ED
Key Metrics
Founded Year
2020
Location
Toronto, Canada
Stage
Seed
Total Funding
$6.37M in 4 rounds
Latest Funding Round
Investors
Ranked
1st among 13 active competitors
Annual Revenue
£0 - £1M as on Apr 30, 2025
Employee Count
17 as on Aug 31, 2026
Similar Companies
Legal entities associated with Armilla AI
Armilla AI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ARMILLA INTELLIGENCE LIMITED CIN: 13326962 , United Kingdom, Active | Apr 08, 2021 | £0 - £1M (As on Apr 30, 2025) | - |
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Armilla AI's funding and investors
Armilla AI has raised a total funding of $6.37M over 4 rounds. Its first funding round was on Oct 21, 2021. Armilla AI has 15 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Armilla AI:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 06, 2025 | 9871352 | Seed | 5074910 | 3647180 | 4100517 | 3478836 |
Feb 15, 2024 | 7561108 | Seed | 1638361 | 1807167 | 1809808 | |
Mar 2022 | 9703257 | Seed | 8616617 | 4096610 | 1381993 |
View details of Armilla AI's funding rounds and investors
Armilla AI's founders and board of directors
Founder? Claim ProfileThe founders of Armilla AI is Karthik Ramakrishnan. Karthik Ramakrishnan is the CEO of Armilla AI.
Here are the details of Armilla AI's key team members:
- Karthik Ramakrishnan: Co-Founder & CEO of Armilla AI and founder of 2 other companies, Gallop labs and Gallop Labs. They are also an angel investor in 4 startups and serve on the boards of 2 companies.
View details of Armilla AI's Founder profiles and Board Members
Armilla AI's employee count trend
Armilla AI has 17 employees as of Aug 26. Here is Armilla AI's employee count trend over the years:
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Armilla AI's Competitors and alternates
Top competitors of Armilla AI include Flow, INTX Insurance Software and Foxen. Here is the list of Top 10 competitors of Armilla AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Armilla AI 2020, Toronto (Canada), Seed | Provider of AI insurance and AI software performance warranties for businesses | $6.37M | 56/100 | |
2nd | Flow 2021, Mountain View (United States), Series A | Brokerage for commercial insurance | - | 45/100 | |
3rd | INTX Insurance Software 2024, Austin (United States), Unfunded | Provider of property and casualty insurance transactional systems | - | - | 45/100 |
4th | Foxen 2017, Columbus (United States), Series A | Provider of risk management software for renters insurers | $44M | 42/100 | |
5th | OneInfinity 2020, Hong Kong (China), Unfunded | Online platform offering liability insurance | - | - | 26/100 |
6th | Augmize 2019, London (United Kingdom), Deadpooled | Insurance data & monitoring solution | $1.03M | 25/100 | |
7th | Renters Legal Liability 2001, Salt Lake City (United States), Acquired | App-based risk management tool for landlords and property owners | - | - | 25/100 |
8th | KATSH DIGITAL ID 2016, Los Angeles (United States), Funding Raised | Provider of theft liability identification solutions | - | 24/100 | |
9th | ![]() American Professional 1940, Amityville (United States), Unfunded | Provider of professional liability insurance for mental health and related fields | - | - | 21/100 |
10th | Redberry London (United Kingdom), Unfunded | Provider of liability insurance coverage for autonomous artificial intelligence agents | - | - | 19/100 |
Looking for more details on Armilla AI's competitors? Click here to see the top ones
Armilla AI's Investments and acquisitions
Armilla AI has made no investments or acquisitions yet.
Reports related to Armilla AI
Here is the latest report on Armilla AI's geography:
News related to Armilla AI
Media has covered Armilla AI for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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Chaucer and Armilla AI introduce Vanguard AI to streamline cyber, technology and AI liability protectionReinsurance News•Feb 11, 2026•Chaucer, Armilla AI
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Armilla AI Expands Lloyd's-Backed AI Liability Coverage to $25M Amidst Traditional Insurer RetreatEIN Presswire•Jan 22, 2026•Armilla AI
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Trustible and Armilla AI Partner for AI Risk Management and Liability CoverageCNW•Oct 08, 2025•Trustible, Armilla AI
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Chaucer & Armilla AI Launch AI Liability Insurance ProductReinsurance News•Apr 23, 2025•Chaucer, Armilla AI
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Armilla AI: Assurance Platform Company Secures $4.5 Million In FundingPulse 2.0•Feb 16, 2024•Armilla AI, Mistral, MS&AD Ventures, SixThirty and 7 others
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Artificial Labs raises £8M Series A+ round to drive growth and continue rapid expansionFintech Finance•Feb 08, 2024•Artificial Labs, Augmentum Fintech, MS&AD Ventures, Armilla AI and 4 others
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Armilla AI and Mila partner to advance quality assurance for next generation machine learning systemsPR Newswire•Sep 08, 2022•Armilla AI, MILA
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Armilla AI launches on $1.5 million seed investmentFinextra•Oct 21, 2021•Armilla AI, Spearhead, Two Small Fish Ventures, C2 Ventures
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