Armada co-founders Dan Wright (left) and John Runyan (right)
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Armada, which builds modular data centers that are becoming increasingly popular among customers in the defense, energy and military sectors, has raised $230 million from investors in a Series B funding round announced Tuesday.
San Francisco-based Armada, which was named to the 2026 CNBC Disruptor 50 list on Tuesday, was valued at $2 billion in the deal.
This investor round comes with a contract with a manufacturing company. johnson controlsinvested in Armada to produce modular data centers in a new 400,000 square foot factory in Arizona called Galleon Forge One.
The factory is expected to create more than 500 jobs and will begin producing Armada’s Leviathan megawatt data center starting this summer. Unlike large data centers built by hyperscalers, Armada’s data centers can connect to existing energy sources, such as solar power or gas flares produced from oil wells, and can be deployed within days rather than years. Modular data centers allow AI processing to be performed onsite without the need to send data.
“The AI race cannot be won by one-off projects,” Armada co-founder and CEO Dan Wright said in a statement about the deal. “Companies and countries that can manufacture, deploy, and continually improve AI infrastructure with speed, scale, and sovereignty will win.”
Wright tied the company’s mission to America’s global AI race with China, calling it “the defining race of our time.”
Johnson Controls has 40,000 field staff across major regions, enabling Armada to build and deploy its AI infrastructure. “Johnson Controls is collaborating with Armada to rapidly deliver secure modular data centers at scale,” Johnson Controls CEO Joakim Weidemanis said in a statement. “Johnson Controls’ differentiated technology, U.S.-based manufacturing capabilities, and Armada’s edge computing expertise enable thermal-critical environments that perform predictably, deploy quickly, and scale with confidence,” he added.
Both companies already have troops deployed across the United States and around the world.
Armada sells modular data centers to the U.S. military and industries such as mining, communications, and oil and gas, which Armada calls “harsh” environments.
The U.S. Navy used the Armada in the UNITAS naval exercise with partners in the Americas, and Rear Adm. Carlos Sardiello noted that modular data centers and edge computing will benefit the Navy’s maritime operations. Armada is also collaborating with the U.S. Department of Energy’s Genesis mission, which connects national laboratories, supercomputers, and datasets to AI research platforms.
Globally, Armada is working with WinDC in Australia to deploy a portable AI factory, and in the oil and gas industry in Norway with Aker BP on a project.
Almada said customer bookings increased by 540% from FY2025 to FY2026, and jumped 2,000% year-on-year in the first quarter of FY27 alone.
The company said the round was oversubscribed and co-led by Overmatch, 8090 Industries and three other companies. black rocka new investor. Johnson Controls, NightDragon, Mitsui & Co., and Singtel Innov8 also joined the round as new strategic investors. Existing investors also participated in the deal, including Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Veriten, and Gladebrook.
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