Fundraising Fox

Armilla AI

YC W22 ↗

Toronto, CA · Founded 2020 · Ontario, Canada corporation · 14 employees · 10 known investors

armilla.ai ↗

Armilla AI is a managing general agent offering liability coverage, performance warranties, and risk assessments for AI systems. The company helps enterprises and AI vendors deploy artificial intelligence safely through model validation, governance, and insurance products.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechInsurTechArtificial IntelligenceGenerative AIInsurancein /armilla-ai/@_kramkiycombinator.com ↗

Founders & leadership· Y Combinator alumni (W22)

DADan Adamson
Dan AdamsoninFounder
KRKarthik Ramakrishnan
Karthik Ramakrishnanin𝕏Founder
BH
Baiju Hasmukhrai DevaniExecutive Officer, Director
RB
Raif BarbarosDirector

Investors · 10

Beresford VenturesOrlando
BetaworksNew York · $250K – $750K
Creative Destruction Lab (CDL)Toronto · $50K – $250K
Differential VenturesNew York · $250K – $3M
Rebel FundSan Juan · $100K – $5M
Y CombinatorSan Francisco · $500K
Mistral Venture Partnersreported · 2 sourcesTorontovia Raif Barbaros · board
Morgan Creek CapitalreportedChapel Hill · $1M – $5M
MS&AD VenturesreportedMenlo Park · $500K – $3M
SixThirty Venturesreported · 2 sourcesSt. Louis · $100K – $250K

Reported raises · per SEC filings

Form D private placements
▶$1.3MraisedJun 2025 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Karthik RamakrishnanExecutive Officer, Director
  • Baiju Hasmukhrai DevaniExecutive Officer, Director
  • Raif BarbarosDirector
Offering amount
$3.5M
Amount sold
$1.3M
First sale
Jun 2025
Incorporated
Corporation, Ontario, Canada, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.3MraisedJan 2024 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Karthik RamakrishnanExecutive Officer, Director
  • Dan AdamsonExecutive Officer, Director
  • Raif BarbarosDirector
Offering amount
$2.3M
Amount sold
$2.3M
First sale
Dec 2023
Incorporated
Corporation, Ontario, Canada, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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