Armada
About Armada
Armada is a Data Centers startup based in San Francisco, CA, USA that has raised $469M in venture capital across 5 funding rounds since 2023. The company reached Series B stage in February 2023 with a $13M round led by Founders Fund. Armada's investor base includes 14 institutional funds, with Founders Fund leading the most recent equity round.
Armada is a San Francisco-based company that develops modular, portable AI data centers designed to be deployed in days rather than years. Founded in 2023 by Dan Wright and Jon Runyan, the company's product line ranges from the suitcase-sized Beacon unit to the multi-megawatt Leviathan system, engineered to attach to existing power sources including solar arrays and gas flares. Armada serves U.S. defense, energy, and telecommunications sectors, with customers including the U.S. Navy. The company reported 540% bookings growth from FY25 to FY26. In May 2026, Armada raised a $230M oversubscribed Series B at a $2B pre-money valuation and announced a manufacturing partnership with Johnson Controls to build a 400,000 sq ft Arizona facility for Leviathan production, with a cumulative total of $469M raised across five rounds.
Armada Funding Rounds Timeline
5 rounds · $469M raised · since 2023
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | February 2023 | $13M | — | Founders Fund | Lux Capital, Shield Capital, 8090 Industries |
| Series A | December 2023 | $55M | — | Founders Fund | Lux Capital, Shield Capital, 8090 Industries, Felicis Ventures, Marlinspike Capital, Contrary Capital, Valor Equity Partners, 137 Ventures |
| Strategic | July 2024 | $40M | — | Microsoft M12 | — |
| Strategic | July 2025 | $131M | — | Pinegrove | Veriten, Gladebrook, Founders Fund, Lux Capital, Shield Capital, 8090 Industries, Microsoft M12, Overmatch, Silent Ventures, Felicis Ventures, Marlinspike Capital |
| Series B | May 2026 | $230M | $2B | Overmatch | 8090 Industries, BlackRock, Founders Fund, Lux Capital, Felicis Ventures, Marlinspike Capital, Shield Capital, Silent Ventures, Veriten, Gladebrook, NightDragon Security, Mitsui & Co., Singtel Innov8, Johnson Controls |
Investors in Armada
14 institutional investors across 5 rounds
Lead investors
Co-investors
Recent news about Armada
- Series BArmada Raises $230M for Edge AI Data CentersMay 2026
Questions about Armada
How much has Armada raised?
Armada has raised $469M across 5 funding rounds since 2023.
Who are the investors of Armada?
Armada's investors include Founders Fund, Lux Capital, 8090 Industries, BlackRock, Microsoft M12, Felicis Ventures, Marlinspike Capital, Contrary Capital, Valor Equity Partners, 137 Ventures, NightDragon Security, Mitsui & Co. Global Investment, Overmatch, Shield Capital.
When was Armada's last funding round?
Armada's most recent round was a $13M Seed in February 2023, led by Founders Fund.
What is Armada's valuation?
Armada reached a $2B valuation (unicorn status) with its Seed round in February 2023.
Where is Armada headquartered?
Armada is headquartered in San Francisco, CA, USA, and was founded in 2023 by Dan Wright, Jon Runyan.