Companies · Healthtech

Armilla Ai Inc.Winter 2022Active

Toronto · ON, Canada · Healthtech · refined from filed group “Other Technology · founded 2022 · http://www.armilla.ai

Diligence memoA one-page analyst read on Armilla Ai Inc. — recommendation, valuation, rhythm, risks.
$3.6M
Total raised · real
2
Rounds
0.6×
Latest step-up
Top 51%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jun 06 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Armilla Ai Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.83× the median modeled value of Seed Healthtech companies in 2025–2027 (77 peers) — value vs value, same stage and era.
  • Within the normal band (83% of peer median) for its niche.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 14 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Healthtech

Armilla Ai Inc. is one of 2138 Healthtech companies tracked from Toronto, ON, Canada, on record since 2022. By capital raised it ranks mid-pack (ahead of 50% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

AI/LLM Assessment & Warranty Solutions

Using industry-leading AI/LLM evaluation technology, Armilla AI provides third-party AI assessment and warranty solutions, backed by leading reinsurers Swiss Re, Greenlight Re and Chaucer. Vendors of AI-powered products leverage Armilla’s assessment to anticipate customer questions, respond to enterprise RFPs, meet regulatory requirements, build trust in the reliability of their solutions - and ultimately, to accelerate sales. Armilla’s clients include enterprises along with AI-first start ups & scale ups in Fintech, Insurtech, Healthtech, Legaltech, HRtech & more.

ai/mlfintechhealthtechinsurtechlegaltech
Find Armilla Ai Inc. online

As reported in public records reported — not modeled.

CA
Jurisdiction
Rule 506(b)
Reg D exemption
4
Investors (latest)
2020
Year incorporated
2025-06-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MSeed · 2023-12-22 Raised $2.3M (real) Modeled valuation $13M (est)$2.3M$13MSeed2023Seed · 2025-06-06 Raised $1.3M (real) Modeled valuation $4.1M (est)$1.3M$4.1MSeed2025+$1.3MCumulative $3.6M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.3M · 2023
Seed extension$1.3M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$4.1M
Base estimate est.
$1.1M
Conservative case
$8.4M
Upside case
$6.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Seed · modeled $13.4M · 2023-12-222023Seed · modeled $4.1M · 2025-06-062025
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$2.5M/yr
Capital velocity
2.5 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.8× of median
This company$3.6M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.7× of median
This company$1.3M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.1M
Sector median$33.8M

Raised more than 50% of sector peers (real $). Modeled value above 21% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #47 of 77.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Headstart Health, Inc. · Seed Raised $4.0M · modeled $14.5M (est)eMAX Health 2.0 LLC · Seed Raised $3.8M · modeled $13.6M (est)Ezer Health Holdings, Llc · Seed Raised $4.0M · modeled $13.5M (est)Helius Medical Technologies, Inc. · Seed Raised $15.4M · modeled $13.4M (est)LaaSy Health HoldCo Inc. · Seed Raised $3.9M · modeled $12.9M (est)LeBlanc Dental Products, Inc. · Seed Raised $4.1M · modeled $12.0M (est)Physicians' Medical Center, LLC · Seed Raised $4.2M · modeled $12.0M (est)Fresenius Medical Care Northshore Houston, LLC · Seed Raised $4.0M · modeled $11.8M (est)Fresenius Medical Care Sunset, LLC · Seed Raised $3.5M · modeled $11.6M (est)Nexxt MedTech Inc. · Seed Raised $4.0M · modeled $11.2M (est)Bainbridge Health, Inc. · Seed Raised $9.3M · modeled $10.9M (est)Flyway Health Inc. · Seed Raised $4.0M · modeled $10.0M (est)Armilla Ai Inc. (this company) Raised $3.6M · modeled $4.1M (est)Armilla Ai Inc.
CompanyStageRaised · realValue · estvs peer med.
Headstart Health, Inc.Seed$4.0M$14.5M2.96×
eMAX Health 2.0 LLCSeed$3.8M$13.6M2.79×
Ezer Health Holdings, LlcSeed$4.0M$13.5M2.77×
Helius Medical Technologies, Inc.Seed$15.4M$13.4M2.74×
LaaSy Health HoldCo Inc.Seed$3.9M$12.9M2.64×
LeBlanc Dental Products, Inc.Seed$4.1M$12.0M2.46×
Physicians' Medical Center, LLCSeed$4.2M$12.0M2.46×
Fresenius Medical Care Northshore Houston, LLCSeed$4.0M$11.8M2.42×
Fresenius Medical Care Sunset, LLCSeed$3.5M$11.6M2.36×
Nexxt MedTech Inc.Seed$4.0M$11.2M2.29×
Bainbridge Health, Inc.Seed$9.3M$10.9M2.23×
Flyway Health Inc.Seed$4.0M$10.0M2.05×
Armilla Ai Inc. this companySeed$3.6M$4.1M0.83×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.3M2023-12-22$11.5M$13.4M90%
Seed$1.3M2025-06-06$6.7M$4.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.3M2023-12-22
    • First recorded raise — entered as Seed.
    • 9 investors on this round.
  2. Seed$1.3M2025-06-06
    • Raised 17 mo later, in step with the ~14 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~17mo cadence
$1.3M
Modeled next size est.range $1.3M$2.1M
0.6×
Last step-up
$2.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Baiju Hasmukhrai Devani2025-06
Dan Adamson2023-12
Karthik Hasmukhrai Ramakrishnan2025-06
Karthik Ramakrishnan2023-12
Raif Barbaros2023-12
Raif Hasmukhrai Barbaros2025-06
Registry & provenance

Armilla Ai Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
CA
Jurisdiction
2007280
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
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Karias Health, Inc.HealthtechSeed$3.7M$3.3Msame sector · same stage
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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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Lovelace AI Inc.AI / MLSeries B$95.3M76%
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Diligent
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Solva
Automates insurance claims and stops incorrect payouts
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Counsel AI CorpAI / MLSeries D+$3.1B75%
Argo AI Holdings, LLCAI / MLSeries C$4.0B75%
Frequently asked
How much funding has Armilla Ai Inc. raised?
Armilla Ai Inc. has raised approximately $3.6M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Armilla Ai Inc.'s estimated valuation?
Provath's modeled valuation for Armilla Ai Inc. is approximately $4.1M (modeled range $1.1M–$8.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Armilla Ai Inc. at?
Armilla Ai Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jun 06.
What does Armilla Ai Inc. do and where is it based?
Armilla Ai Inc. operates in the Healthtech sector, based in Toronto, ON, Canada. AI/LLM Assessment & Warranty Solutions
Explore related

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