Armada valuation, funding and investors
Armada works in edge computing solutions development, based in San Francisco, United States. Founded in 2022, it has about 667 employees.
- Last round
- Series B · $230M · May 2026
- Valuation at last round
- $2.00B
- Headcount
- 667 · growing
- Grade
- B
- Founded
- 2022
Armada valuation today
VCMC values Armada at $2.4B today, with a range of $1.7B to $3.5B and a grade of B. The valuation starts from its last funding round, a Series B round in May 2026.
Valuation by date (63 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | $18.7M | $6.81M – $51.4M | $20.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $18.8M | $6.86M – $51.7M | $20.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $19.0M | $6.90M – $52.1M | $20.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $19.1M | $6.96M – $52.5M | $20.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $19.2M | $7.01M – $52.9M | $21.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $19.4M | $7.06M – $53.3M | $21.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $19.5M | $7.11M – $53.7M | $21.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $19.7M | $7.16M – $54.1M | $21.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $19.8M | $7.22M – $54.5M | $21.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $20.0M | $7.27M – $54.9M | $21.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $20.1M | $7.32M – $55.3M | $22.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $20.3M | $7.38M – $55.7M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $20.4M | $7.43M – $56.1M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $20.6M | $7.49M – $56.5M | $22.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $20.7M | $7.54M – $56.9M | $22.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $20.9M | $7.60M – $57.3M | $22.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $21.0M | $7.65M – $57.7M | $23.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $21.2M | $7.71M – $58.2M | $23.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $21.3M | $7.77M – $58.6M | $23.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $21.5M | $7.82M – $59.0M | $23.3M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $21.7M | $7.88M – $59.5M | $23.3M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $21.8M | $7.94M – $59.9M | $23.3M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $22.0M | $8.00M – $60.4M | $23.3M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $22.1M | $8.06M – $60.8M | $23.3M (+5%) | before first round | – | unknown | D | 0% |
| 12 Dec 2023 | $611M | $402M – $1.0B | $672M (+10%) | after a round | – | unknown | B | 0% |
| 1 Jan 2024 | $614M | $402M – $1.0B | $672M (+9%) | after a round | – | unknown | B | 0% |
| 1 Feb 2024 | $619M | $402M – $1.0B | $672M (+9%) | after a round | – | unknown | B | 0% |
| 1 Mar 2024 | $624M | $402M – $1.0B | $672M (+8%) | after a round | 110 | unknown | B | 0% |
| 1 Apr 2024 | $629M | $402M – $1.0B | $672M (+7%) | after a round | 110 | unknown | B | 0% |
| 1 May 2024 | $634M | $402M – $1.0B | $672M (+6%) | after a round | 110 | unknown | B | 0% |
| 1 Jun 2024 | $639M | $402M – $1.0B | $672M (+5%) | after a round | 110 | unknown | B | 0% |
| 1 Jul 2024 | $644M | $402M – $1.0B | $672M (+4%) | after a round | 110 | unknown | B | 0% |
| 12 Jul 2024 | $445M | $292M – $744M | $489M (+10%) | after a round | 110 | unknown | B | 0% |
| 1 Aug 2024 | $447M | $292M – $744M | $489M (+9%) | after a round | 160 | growing | B | 0% |
| 1 Sep 2024 | $451M | $292M – $744M | $489M (+9%) | after a round | 160 | growing | B | 0% |
| 1 Oct 2024 | $454M | $292M – $744M | $489M (+8%) | after a round | 160 | growing | B | 0% |
| 1 Nov 2024 | $461M | $300M – $764M | $502M (+9%) | after a round | 180 | growing | B | 0% |
| 1 Dec 2024 | $466M | $300M – $764M | $502M (+8%) | after a round | 180 | growing | B | 0% |
| 1 Jan 2025 | $471M | $300M – $764M | $502M (+7%) | after a round | 180 | growing | B | 0% |
| 1 Feb 2025 | $476M | $300M – $764M | $502M (+5%) | after a round | 180 | growing | B | 0% |
| 1 Mar 2025 | $480M | $300M – $764M | $502M (+4%) | after a round | 180 | growing | B | 0% |
| 1 Apr 2025 | $485M | $300M – $764M | $502M (+3%) | after a round | 180 | growing | B | 0% |
| 1 May 2025 | $490M | $300M – $764M | $502M (+2%) | after a round | 180 | growing | B | 0% |
| 1 Jun 2025 | $495M | $300M – $764M | $502M (+1%) | after a round | 180 | growing | B | 0% |
| 1 Jul 2025 | $500M | $300M – $764M | $502M (0%) | after a round | 180 | growing | B | 0% |
| 25 Jul 2025 | $1.0B | $724M – $1.6B | $1.1B (+10%) | after a round | 180 | growing | B | 0% |
| 1 Aug 2025 | $1.0B | $724M – $1.6B | $1.1B (+10%) | after a round | 359 | growing | B | 0% |
| 1 Sep 2025 | $1.0B | $724M – $1.6B | $1.1B (+9%) | after a round | 359 | growing | B | 0% |
| 1 Oct 2025 | $1.1B | $741M – $1.7B | $1.2B (+11%) | after a round | 413 | growing | B | 0% |
| 1 Nov 2025 | $1.1B | $754M – $1.7B | $1.2B (+11%) | after a round | 457 | growing | B | 0% |
| 1 Dec 2025 | $1.1B | $763M – $1.7B | $1.2B (+10%) | after a round | 457 | growing | B | 0% |
| 1 Jan 2026 | $1.1B | $763M – $1.7B | $1.2B (+9%) | after a round | 457 | growing | B | 0% |
| 1 Feb 2026 | $1.1B | $763M – $1.7B | $1.2B (+7%) | after a round | 457 | growing | B | 0% |
| 1 Mar 2026 | $1.1B | $763M – $1.7B | $1.2B (+6%) | after a round | 457 | growing | B | 0% |
| 1 Apr 2026 | $1.1B | $763M – $1.7B | $1.2B (+5%) | after a round | 457 | growing | B | 0% |
| 1 May 2026 | $1.2B | $808M – $1.8B | $1.3B (+5%) | after a round | 593 | growing | B | 0% |
| 20 May 2026 | $2.0B | $1.7B – $3.5B | $3.0B (+50%) | after a round | 593 | growing | B | 0% |
| 1 Jun 2026 | $2.0B | $1.7B – $3.5B | $3.0B (+48%) | after a round | 593 | growing | B | 0% |
| 1 Jul 2026 | $2.1B | $1.7B – $3.5B | $3.0B (+43%) | after a round | 593 | growing | B | 0% |
| 1 Aug 2026 | $2.2B | $1.7B – $3.5B | $3.0B (+40%) | after a round | 629 | growing | B | 0% |
| 1 Sep 2026 | $2.3B | $1.7B – $3.5B | $3.0B (+35%) | after a round | 629 | growing | B | 0% |
| 1 Oct 2026 | $2.3B | $1.7B – $3.5B | $3.1B (+31%) | after a round | 667 | growing | B | 0% |
| 24 Oct 2026 | $2.4B | $1.7B – $3.5B | $3.1B (+28%) | after a round | 667 | growing | B | 0% |
Key facts about Armada
- Founded
- 2022
- Headquarters
- San Francisco, United States
- Employees
- about 667 +62% in a year
- Total raised
- $456M
- Funding rounds
- 4
- Last round
- Series B May 2026
Armada was founded in 2022 by Dan Wright and Jonathan Runyan.
Armada funding history
Armada has 4 funding rounds on record, from Dec 2023 to May 2026, $456M in total. The latest disclosed valuation is $2.00B post-money (Series B, May 2026).
Series B 19 May 2026
Led by Overmatch Ventures, BlackRock, 8090 Industries; with Johnson Controls, NightDragon, Mitsui Global Investment, Singtel Innov8, Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Silent Ventures, Veriten, Glade Brook.
$230M
$2.00B post-money
Growth Equity 24 Jul 2025
Led by Founders Fund; with Pinegrove, Veriten, Glade Brook, Lux Capital, Shield Capital, 8090 Industries, M12, Overmatch Ventures, Silent Ventures, Felicis, Marlinspike.
Sources: armada.ai, datacenterdynamics.com, pulse2.com and 4 more
$131M
$40M
Growth Equity 11 Dec 2023
Led by Founders Fund, Lux Capital, Shield Capital, 8090 Industries; with Felicis, Contrary, Valor, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC.
Sources: finsmes.com, datacenterdynamics.com, research.contrary.com and 1 more
$55M
Armada investors
22 investors have backed Armada; 8090 Industries, Founders Fund and Lux Capital and 4 more led at least one round.
- Founders Fund lead, 3 rounds
- Lux Capital lead, 3 rounds
- M12 lead, 2 rounds
- BlackRock lead
- Felicis 3 rounds
- Glade Brook 2 rounds
- Silent Ventures 2 rounds
- Veriten 2 rounds
- 137 Ventures
- 8VC
- Johnson Controls
- Koch Real Estate Investments
- Pinegrove
- Singtel Innov8
- Valor
What Armada does
Armada works in tech companies, with 15 recorded offerings and customers in oil and gas, defense, government and manufacturing.
Armada, Systems, Inc. is an American technology company engaged in edge computing solutions, including AI-driven edge infrastructure, satellite connectivity, and modular data centers. The company develops and provides operational insights platforms for connected assets, ruggedized modular data centers, GPU-as-a-Service solutions, and a marketplace for hardware and software deployment. Armada serves industries such as oil and gas, defense, government, manufacturing, mining, and telecommunications, with operations in over 80 countries. The company is certified for security and information management.
Description from Veridion's company data.
Products and services
- Edge Computing Solutions Development
- AI-Driven Edge Infrastructure Deployment
- Satellite Connectivity Solutions Integration
- Modular Data Center Construction and Management
- GPU-as-a-Service Management and Orchestration
- Edge Platform Software Development
- Operational Insights Platform Services
- IoT Device Monitoring and Management Services
- Remote Data Management Solutions
- Industry-Specific Edge Computing Solutions
- Hardware and Software Marketplace Services
- Network Efficiency Optimization Services
- Situational Awareness Enhancement Services
- Automation Process Enablement Services
- Research and Development Services for Edge Computing
Markets
- Oil and Gas
- Defense
- Government
- Manufacturing
- Mining
- Telecommunications
Technology
- AI-Driven Edge Infrastructure
- Satellite Connectivity
- GPU-as-a-Service
- Edge Computing
Certifications
- SOC 2
- ISO 27001
Business model
- Business-to-Business
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 513210 Software Publishers 50% match
- 517410 Satellite Telecommunications 30% match
- 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 20% match
Questions about Armada
What is Armada worth?
Valuation $2.4B (range $1.7B to $3.5B), as of 24 Oct 2026. The last disclosed valuation was $2.00B (Series B, May 2026).
Has Armada raised money?
Armada has 4 funding rounds on record, from Dec 2023 to May 2026, $456M in total. The latest disclosed valuation is $2.00B post-money (Series B, May 2026).
Who has invested in Armada?
8090 Industries, Founders Fund, Lux Capital, Shield Capital, M12 and Overmatch Ventures, and 16 more. Lead investors include 8090 Industries, Founders Fund, Lux Capital and Shield Capital.
How many people work at Armada?
About 667, up 62% over the last year. Headcount grew from 110 in Mar 2024 to 667 in Sep 2026.
What does Armada do?
Armada works in tech companies, with 15 recorded offerings and customers in oil and gas, defense, government and manufacturing. Its main offerings are edge computing solutions development, AI-Driven edge infrastructure deployment and satellite connectivity solutions integration.
When was Armada founded, and where is it based?
Armada was founded in 2022 and is based in San Francisco, United States. It has about 667 employees, up 62% over the last year.