Toronto-based Armilla AI has secured a $4.5 million seed investment to propel the growth of their AI-driven assurance platform. This financial infusion, led by Mistral Venture Partners, draws support from an array of investors including Greenlight Re, Chaucer, and MS&AD Ventures.

With a vision to expand its innovative platform, Armilla AI captivated interest from various sectors, also bringing on board SixThirty Ventures, Morgan Creek Digital, and Y Combinator. These funds are earmarked to scale operations and foster the platform's development.