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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.
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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
Ranked
Annual Revenue
£0 - £1M as on Apr 30, 2025
Employee Count
17 as on Aug 31, 2026
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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:lockFilter this list
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
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Armilla AI's founders and board of directors

Founder? Claim Profile
The 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:

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:
Employee count trend for Armilla AI
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Armilla AI
Armilla AI
2020, Toronto (Canada), Seed
Provider of AI insurance and AI software performance warranties for businesses
$6.37M
56/100
2nd
Logo for Flow
Flow
2021, Mountain View (United States), Series A
Brokerage for commercial insurance
-
45/100
3rd
Logo for INTX Insurance Software
INTX Insurance Software
2024, Austin (United States), Unfunded
Provider of property and casualty insurance transactional systems
-
-
45/100
4th
Logo for Foxen
Foxen
2017, Columbus (United States), Series A
Provider of risk management software for renters insurers
$44M
42/100
5th
Logo for OneInfinity
OneInfinity
2020, Hong Kong (China), Unfunded
Online platform offering liability insurance
-
-
26/100
6th
Logo for Augmize
Augmize
2019, London (United Kingdom), Deadpooled
Insurance data & monitoring solution
$1.03M
25/100
7th
Logo for Renters Legal Liability
Renters Legal Liability
2001, Salt Lake City (United States), Acquired
App-based risk management tool for landlords and property owners
-
-
25/100
8th
Logo for KATSH DIGITAL ID
KATSH DIGITAL ID
2016, Los Angeles (United States), Funding Raised
Provider of theft liability identification solutions
-
24/100
9th
Logo for American Professional
American Professional
1940, Amityville (United States), Unfunded
Provider of professional liability insurance for mental health and related fields
-
-
21/100
10th
Logo for Redberry
Redberry
London (United Kingdom), Unfunded
Provider of liability insurance coverage for autonomous artificial intelligence agents
-
-
19/100
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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.
•
Chaucer & Armilla AI Launch AI Liability Insurance ProductReinsurance News•Apr 23, 2025•Chaucer, Armilla AI
•
Armilla AI C$4.5 Million Seeding Funding RoundGlobal Legal Chronicle•Feb 29, 2024•Armilla AI
•
Armilla to tackle AI screw-ups with warranty productInsurance POST•Nov 17, 2023•Armilla AI
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FAQs about Armilla AI

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