Armada, a San Francisco, CA-based technology company specializing in edge computing, AI, and mobile data centers, raised over $55 million in funding.
The company has also introduced its Commander Platform, Armada Connect, Armada Edge, and Armada EdgeAI as part of its ecosystem.
SaaS Investors
The round was led by Founders Fund, Lux Capital, Shield Capital, and 8090 Industries. Other participants include Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, and 8VC, among others.
Founders Fund is a venture capital firm investing in smart people solving difficult problems. The firm invests across all stages, sectors, and geographies.
Lux Capital is a venture capital firm based in New York City. It was founded in 2000 and focuses on investments in emerging technologies.
Founded in 2021, Shield Capital Partners is a venture capital firm based in Burlingame, California. The firm prefers to make investments in the cyber security, artificial intelligence, space sensing, and autonomy sectors.
8090 Industries is a venture capital firm based in New York, New York. Founded in 2020, the firm partners with the largest industry leaders of the world today to invest in and accelerate the category-leading industrial giants of tomorrow.
Armada Use of Funds
The company will use the funds to expand the team, open offices in the US and Singapore, and invest in AI and machine learning expertise. The company aims to bridge the global digital divide by providing a decentralized approach to edge computing, generative AI, and predictive models on a global scale.
About Armada
Armada builds and operates a resilient, secure, and scalable infrastructure, with a matching software component enabling a single control plane to easily manage and optimize data. The company offers a full-stack edge computing platform, designed to unlock the full potential of satellite connectivity with their Commander Connect operating system. Armada's full-stack infrastructure solution, deployable on both on-premise and cloud infrastructures, focuses on delivering optimal edge computing and satellite internet connectivity to remote regions. The company’s mission is to enable connection and distribute the benefits inherent therein – anywhere in the world.
Funding Details
Company: Armada, Inc.
Raised: $55.0M+
Round: Series A
Funding Month: December 2023
Lead Investors: Founders Fund, Lux Capital, Shield Capital, and 8090 Industries
Additional Investors: Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, and 8VC
Company Website: https://www.armada.ai/
Software Category: Edge Computing
Source: https://www.businesswire.com/news/home/20231211233103/en/Armada-Raises-More-Than-55M-to-Bridge-the-Digital-Divide