Armada

Summary active Updated May 24, 2026

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Location San Francisco, CA
Latest Stage Series B
Total Raised $500M

Founders

Dan Wright Co-Founder & CEO
John Runyan Co-Founder

About

Armada is a San Francisco-based modular AI data center and edge computing company co-founded and led by CEO Dan Wright (with co-founder John Runyan), manufacturing rugged, deployable data-center modules designed for military operations, oil fields, mining sites, and other remote industrial locations, paired with a satellite-enabled edge platform 123. The $230M Series B announced May 19, 2026 was oversubscribed and co-led by Overmatch, BlackRock, and 8090 Industries at a $2B pre-money valuation, with new strategic investors Johnson Controls, NightDragon, Mitsui, and Singtel Innov8 joining existing backers Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Silent Ventures, Veriten, and Gladebrook; the round brings Armada’s total funding to nearly $500M 123. Armada also announced a framework agreement with Johnson Controls to manufacture modular data centers at Galleon Forge One, a planned 400,000-square-foot Arizona facility expected to create 500+ jobs and begin production in summer 2026 13.

Funding History

Date Round Amount Lead Co-investors
2026-05-19 Series B (at $2B pre-money val) $230M Overmatch, BlackRock, 8090 Industries Johnson Controls, NightDragon, Mitsui, Singtel Innov8, Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Silent Ventures, Veriten, Gladebrook 123

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

“The AI race will not be won by one-off projects. It will be won by the companies and countries that can manufacture, deploy, and continuously improve AI infrastructure, with speed, scale, and sovereignty.”

— Dan Wright, Co-Founder & CEO, Armada 1

Sources


  1. PR Newswire, “Armada Announces Agreement with Johnson Controls for Galleon Forge One; Raises $230M in Oversubscribed Series B with a Pre-Money Valuation of $2B,” May 19, 2026. Accessed May 2026. https://www.prnewswire.com/news-releases/armada-announces-agreement-with-johnson-controls-for-galleon-forge-one-raises-230m-in-oversubscribed-series-b-with-a-pre-money-valuation-of-2b-to-accelerate-deployment-of-the-us-ai-stack-and-support-explosive-customer-demand–302775720.html

  2. VentureBurn, “Armada Raises $230M To Scale Modular AI Infrastructure Globally,” May 2026. Accessed May 2026. https://ventureburn.com/armada-raises-230m-modular-ai-infrastructure/

  3. Tech Startups, “Armada raises $230M at $2B valuation to build modular AI data centers for military and energy sectors,” May 19, 2026. Accessed May 2026. https://techstartups.com/2026/05/19/armada-raises-230m-at-2b-valuation-to-build-modular-ai-data-centers-for-military-and-energy-sectors/