Funding round
Armada Series B
Armada, which works in edge computing solutions development in San Francisco, raised $230M in a Series B round announced on 19 May 2026, led by Overmatch Ventures, BlackRock and 8090 Industries, at a $2.00B post-money valuation. 15 firms took part. It is Armada's fourth venture round on record; the one before was a Growth in Jul 2025.
$230M
Amount raised
$2.00B
Post-money valuation
$2.00B pre-money
15
Investors
3 leads
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Armada at $2.00B after the new money. The $230M bought investors about 12% of the company. It came 10 months after Armada's Growth. It is 50% of the $456M Armada has raised in the venture rounds on record. No later venture round is on record for Armada.
Armada's funding rounds
Armada has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Overmatch Ventures, BlackRock and 8090 Industries led the round with 12 other firms.
Lead investors
- backs 15 venture-backed companies new investor
- BlackRock new investor
- backs 19 venture-backed companies new investor
Also in the round
- Johnson Controls new investor
- backs 21 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- Singtel Innov8 new investor
- Felicis backs 237 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 28 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- Silent Ventures new investor
- Veriten new investor
- Glade Brook backs 30 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
459 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 5.8 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Fractile Tech Companies | 13 May 2026 | $220M | not disclosed | Accel and Factorial Funds |
| Tech Companies | 19 May 2026 | $170M | $1.00B | Gideon Strategic Partners and Nimble Partners |
| Tech Companies | 11 May 2026 | $100M | $1.20B | Founders Fund |
| Tech Companies | 5 May 2026 | $82M | not disclosed | not named |
| Tech Companies | 11 May 2026 | $70M | not disclosed | Balderton Capital |
| Tech Companies | 5 May 2026 | $60M | not disclosed | AVP |
| Tech Companies | 11 May 2026 | $56M | not disclosed | Sequoia Capital and Sea |
| Tech Companies | 4 May 2026 | $55M | not disclosed | United Ventures and CDP Venture Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Armada raise in its Series B round?
Armada raised $230M in its Series B round, announced in May 2026.
Who led Armada's Series B round?
Overmatch Ventures, BlackRock and 8090 Industries led it, with Johnson Controls, NightDragon, Mitsui Global Investment, Singtel Innov8 and Felicis and 7 more.
What was Armada's valuation at the Series B round?
$2.00B post-money ($2.00B pre-money).
How does it compare with other Series B rounds in Tech Companies?
459 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 5.8 times the median.