Calvin Risk

Calvin Risk is a Swiss AI governance and testing platform, spun out of ETH Zurich, that distinguishes itself by putting quantitative risk measurement at the center of AI governance. Where many governance tools focus on documentation and questionnaires, Calvin Risk aims to monetize and quantify AI model uncertainty so that enterprises can make risk-adjusted, investment-style decisions about which systems to deploy. The platform combines a governance inventory that tracks models, business use cases, and associated risks with automated testing that evaluates performance, fairness, and safety, including LLM-specific evaluation, plus an evidence management system and a risk-policy dashboard. It maps to major regulatory and standards regimes, including the EU AI Act, the NIST AI Risk Management Framework, and ISO 42001, and reflects its financial-services roots through alignment with Solvency II and FINMA. Target users cluster in highly regulated sectors such as banking, insurance, transportation, and telecom, where model risk management is a mature discipline. Calvin Risk is notable for bridging the quantitative model-risk tradition with modern AI governance, and for early third-party validation such as a GenAI model certification from TÜV Süd; organizations seeking purely qualitative or checklist-driven governance may find its analytical approach more rigorous than they require.