EINPresswire · Feb 2026
Announced Vanguard AI, a coordinated insurance solution combining Chaucer cyber/tech E&O and Armilla standalone AI liability coverage with predefined allocation rules.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Toronto-based, Lloyd’s-backed MGA and AI risk company that provides affirmative AI liability insurance, AI performance warranties, and AI model risk assessments for enterprises, AI vendors, and brokers.
Primary product
Affirmative AI liability insurance / AI performance warranty
Founded
2020
Headquarters
Toronto, Ontario, Canada
Team size
10-20
Work style
Hybrid
Industry
Software Development
Sub-industry
AI insurance / insurtech / AI risk management
Offices
Business model
Stage
Late seed
Total raised
$31.6M
Latest round
Growth financing · Jan 2026
Latest amount
$25M
Jan 2026
Jun 2025 · Mistral Venture Partners
Feb 2024 · Mistral Venture Partners
Mar 2023
Mar 2022
Oct 2021
May 2021
May 2020
Leadership
CEO and Founder
Chief Technology & Product Officer
Head of Distribution & Partnerships
Head of Operations
Director of Underwriting
Head of Product & Technology
Co-Founder & Strategic Advisor
Founders
Co-Founder
Investors
Mission-driven, customer-centric, and evidence-focused. Public values emphasize trust, authenticity, ownership, curiosity, and peak performance, with a strong focus on safe AI deployment and rapid underwriting.
Work style
Hybrid
Compensation
No public salary bands were found. Public hiring materials emphasize mission, hybrid work, and access to tooling rather than disclosed compensation details.
Benefits
Pricing
Quote-based, broker-mediated underwriting with application/request forms and underwriting review; no public rate card found.
Differentiators
Technology
Customers
Competitors
Estimated revenue
under $1M
Estimated monthly visits
13.6K
Traffic estimate as of Jun 2025
EINPresswire · Feb 2026
Announced Vanguard AI, a coordinated insurance solution combining Chaucer cyber/tech E&O and Armilla standalone AI liability coverage with predefined allocation rules.
Fintech Global · Jan 2026
Reported that Armilla raised $25m to expand its AI liability coverage, with new protections for generative AI and agentic AI risks, and quoted CEO Karthik Ramakrishnan on the need for purpose-built policies.
EINPresswire · May 2025
Reported Armilla's independent evaluation of TELUS' bilingual generative AI customer support application, including testing for performance, robustness, safety, bias, and fairness.
PRNewswire · Apr 2025
Official launch of Armilla's standalone AI Liability Insurance policy, underwritten by certain underwriters at Lloyd's including Chaucer.
TechCrunch · Feb 2024
Explained Armilla's warranty model for AI systems, its Toronto base, early customer base, and the $4.5M seed round that brought total funding to $7M at the time.