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.
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
Liberty Village, Toronto, Ontario, Canada
Business model
Managing general agent (MGA)
B2B insurance
AI performance warranties
AI risk assessments and verification
Broker distribution
Funding
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
People & investors
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
Work & culture
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
Access to leading AI models
Choice of operating systems
Cloud compute services
Product & market
Pricing
Quote-based, broker-mediated underwriting with application/request forms and underwriting review; no public rate card found.
Differentiators
- —Lloyd’s Coverholder dedicated to AI liability
- —Affirmative coverage for AI-specific failure modes
- —Combines AI assessment, warranty, and insurance
- —Backed by A-rated global insurers
- —Broker-first, tech-enabled underwriting with rapid quotes
- —Independent verification, red-teaming, and incident coordination
Technology
GPT and other leading AI models
Cloud compute services
Operating systems
HubSpot
Rippling ATS
LinkedIn company page
AI Risk Portal
Customers
WorkTango Inc.
SkyHive (now part of Cornerstone OnDemand)
Private AI
Accend
hireEZ
TELUS
MKIII
Competitors
TrojAI
Fiddler AI
WitnessAI
Chatterbox Labs
Mayflower Specialty
FairNow
Modulos
EQTY Lab
Credo AI
Holistic AI
Scale & contact
Estimated revenue
under $1M
Estimated monthly visits
13.6K
Traffic estimate as of Jun 2025
Latest news
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.
Jobs and careers at Armilla AI
3 jobs at Armilla AI
AI Engineer
On-site
Technology
Toronto, Canada
9mo ago
On-site
Full-time
Applied Scientist, AI Risk
On-site
Technology
Toronto, Canada
9mo ago
On-site
Full-time
Senior Actuarial Data Scientist, AI Risk
On-site
Technology
Toronto, Canada
9mo ago
On-site
Full-time