Armilla raises $1.5 million and launches the first all-in-one AI governance platform

October 26, 2021
2 min read
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We are thrilled to announce the launch of Armilla AI, the first all-in-one AI governance platform that allows businesses to prevent faulty AI and its costly consequences. We invested in Armilla’s recent $1.5M round alongside C2 Ventures and Spearhead Fund.

We first met Karthik Ramakrishnan, Armilla’s CPO, in Toronto a few years ago. We were eventually introduced to CEO, Dan Adamson, and the pair’s new company through CDL-Toronto earlier this year. We knew that faulty AI was plaguing ML systems and impacting model performance for banks, hospitals, and startups. AI governance is still relatively nascent, and we felt that Armilla’s approach to stress-testing ML models was robust and intuitive. The Armilla AI platform automates the entire quality assurance process throughout the model creation life cycle and runs more than 50+ tests to assess any miscalculations in ML models.

Armilla seamlessly unites stakeholders with automated validation tools to test ML for robustness, accuracy, fairness, data drift, bias, and more. They provide the framework to create visibility at every phase of the model development process through transparency, auditability, and traceability.

We are confident in the Armilla team’s ability to realize the true value in building and scaling the future of AI governance ecosystems by testing for common fallacies such as gender and ethnic bias, faulty credit score inclusion, and overall model performance.  We are excited to be part of this funding round and look forward to being part of Armilla’s exciting new journey.

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