AA

Armilla Ai

www.armilla.ai link_icon

Company Research Report: Armilla AI



Company Overview



  • Name: Armilla AI

  • Mission: No information is available.

  • Founded: No information is available.

  • Founders: No information is available.

  • Key People: Some notable individuals associated with Armilla AI include:

  • Jesslyn Dymond, Director of Data Ethics, TELUS

  • Mohan Reddy, CTO, SkyHive (now part of Cornerstone OnDemand)

  • Patricia Thaine, CEO, Private AI

  • Joseph Zhou, Co-Founder, Accend

  • Walter Zhang, Legal Counsel, hireEZ

  • Dr. Hayley Maynard, Head of Innovation, Chaucer

  • Gianni Biason, Senior Underwriter, Special Risks, Swiss Re

  • Headquarters: No information is available.

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Notable Aspects: Armilla AI is recognized for its expertise in AI risk management, verification, and insurance. The company is a pioneer in assessing and mitigating AI risks through verification and partnership with leading insurers.


Products



Armilla AI offers several products and services focusing on AI risk assessment, verification, and insurance. Here’s a brief overview:

  • Armilla Insured:

  • Coverage for liability, financial damages, and legal defense.

  • Supports AI adoption by covering both internally and externally built models against residual risks.


  • Armilla Guaranteed:

  • Comprehensive model evaluation including validation of performance, fairness, and robustness.

  • Provides warranty coverage for AI products, safeguarding investment.


  • Armilla Verified:

  • Third-party testing and evaluation of AI/LLM solutions.

  • Focuses on quality, reliability, and compliance with industry standards and regulatory requirements.


  • Assurance for the Enterprise:

  • AI risk management programs for enterprises, including vendor due diligence and model risk assessments.


  • Assurance for AI Vendors:

  • AI assessment solutions aimed at building trust and ensuring AI compliance.


Key Features:


  • Independent validation and certification of AI models.

  • Offers risk transfer options such as warranties and insurance.

  • Scales risk management programs cost-effectively.


Recent Developments



  • New Products and Features:

  • Armilla AI has recently introduced the Armilla Guaranteed™, a warranty coverage for AI products through partnerships with leading insurance companies.


  • Partnerships:

  • Collaborations with insurance providers like Swiss Re to back their AI verification and warranty solutions.

  • Partnership with RAI Institute to promote the adoption of responsible AI assessments.


  • Funding:

  • Raised $4.5M in seed funding to enhance enterprise AI risk management capabilities, supported by Mistral Venture Partners.


  • Acquisition and Client Highlights:

  • Cornerstone OnDemand's acquisition of SkyHive was influenced by Armilla’s assessment, underscoring the value of certifications.

  • Various testimonials highlight the impact of Armilla AI's assessments in improving trust and compliance in their client’s AI offerings.


This detailed report captures the available information about Armilla AI, focusing on the aspects most pertinent to the market research report structure requested. Note that certain details were unavailable in the provided data.