Companies / Armilla AI
Armilla AI
Armilla AI is an enterprise SaaS AI company based in Toronto, Ontario. It had raised C$9.2M as of November 2026, most recently a C$1.6M grant in December 2025 from FedDev Ontario.
AI model risk assessment and performance warranties.
armilla.ai- Category
- Enterprise SaaS AI
- Status
- Active
- Disclosed raised
- C$9.2M
Funding history
| Round | Date | Amount | Investors |
|---|---|---|---|
| Grant | Dec 17, 2025 | C$1.6M | FedDev Ontario (lead). FedDev Ontario RAII; AI model security assessment suite |
| Bridge/Extension | Feb 15, 2024 | US$4.5M | Mistral Venture Partners and Morgan Creek Digital (co-leads); MS&AD Ventures, SixThirty Ventures, Y Combinator, Greenlight Re, Chaucer. Seed extension; US$4.5M (C$6M per BetaKit); co-led by Mistral Venture Partners and Morgan Creek Digital with MS&AD Ventures, SixThirty Ventures and Y Combinator; insurers Greenlight Re and Chaucer participated; all-equity, closed Dec 2023. |
| Seed | Oct 21, 2021 | C$1.5M | Spearhead, C2 Ventures. Launch round; Spearhead and C2 Ventures participated, no lead named; Yoshua Bengio and Apstat partners Nicolas Chapados and Jean-François Gagné among angels; currency unstated, recorded as CAD. |
Founders
- Karthik Ramakrishnan, Co-founder/CEO.
Sources
Data as of November 10, 2026.