About Calvin Risk

Calvin Risk, a pioneer in assessment-first governance software, enables organizations to unlock business value from both predictive machine learning and generative AI through rigorous testing and risk assessments. The company has been awarded a USD 1.75 million grant by the Swiss Innovation Agency (Innosuisse) to support its project titled “Validating AI Models & Quantifying Their Risk in Commercial Solutions”, aimed at advancing trustworthy and measurable AI deployments in real-world business contexts.

As artificial intelligence (AI) rapidly proliferates across enterprises, rushed mediocre implementations create a series of operational risks: bias, opaque decision-making processes, and unpredictable real-world behaviour. Calvin Risk, a Swiss startup born out of ETH Zurich, has raised $4 million in seed funding to help companies deploy AI safely and manage these risks through automated testing and quantitative risk assessment. The investment round was led by JoinCapital and seed + speed Ventures, bringing total funding to more than $5 million since the company's inception in 2022.

The Swiss startup will be collaborating through Aviva’s innovation team to understand how their customisable software can best help insurers assess and manage the technical, ethical, and regulatory risks of using AI models.

Calvin Risk has raised $1.5million Pre-Seed from experienced DeepTech investors btov Partners and Wingman Ventures. The company was founded as a spin-off from ETH Zurich, one of Europe’s central hubs for AI research, with a mission to unlock the full potential of AI for business by managing a multitude of risks.