Zurich-Based Calvin Risk Raises €3.8M to Strengthen AI Governance and Risk Management

Calvin Risk, a Swiss startup spun out of ETH Zurich in 2022, has raised €3.8 million in a seed funding round led by Join Capital and seed + speed Ventures, bringing its total funding to over €4.7 million. The funding will accelerate the development of its cutting-edge AI governance platform, which is designed to empower businesses with robust tools to manage AI-related risks.
The company has already partnered with leading institutions such as Aviva, Lloyds Banking Group, and Lufthansa Industry Solutions. Calvin Risk’s platform delivers a holistic approach to AI risk management by leveraging quantitative assessments and real-time monitoring to identify potential risks before they arise.
As the EU AI Act looms, promising stricter guidelines for AI systems, the importance of transparency and accountability has grown. However, many organizations still rely on reactive measures or lack structured frameworks to address the safety of their AI systems. Calvin Risk aims to bridge this gap by offering a proactive solution that evaluates risks qualitatively and quantitatively while providing a real-time overview of an organization’s entire AI portfolio.
Julian Riebartsch, CEO and Founder of Calvin Risk, emphasized the critical need for AI risk governance:
“With AI systems becoming central to operations, proper corporate governance must now include explicit AI risk management at the Board level. Our platform offers deep insights into an organization’s AI inventory, enabling businesses to analyze technical, ethical, and regulatory risks with precision and foresight.”
The platform’s adaptive assessments and monitoring tools are designed to support Boards and control functions in seamlessly integrating AI governance into their operations. By doing so, Calvin Risk provides enterprises with the confidence to innovate while maintaining stringent safety and compliance standards.
Looking ahead, the company plans to expand its platform’s capabilities, focusing on empowering business and analytics teams to implement effective control measures. Calvin Risk is committed to ensuring that organizations can harness the potential of AI responsibly, delivering actionable insights that are accessible and easy to implement.
“Our mission is to ensure that enterprises can drive innovation while upholding the highest standards of governance, safety, and compliance,” added Riebartsch.
This funding milestone positions Calvin Risk as a key player in the rapidly evolving landscape of AI governance, helping businesses stay ahead of regulatory requirements and mitigate risks effectively.