Overview
- Armada disclosed Tuesday it raised $230 million at a $2 billion pre-money valuation and signed a framework with Johnson Controls to build an Arizona factory.
- The planned Galleon Forge One site is slated for up to 400,000 square feet and about 500 jobs, with continuous production targeted for this summer starting on Leviathan units.
- The oversubscribed Series B was co-led by Overmatch, BlackRock, and 8090 Industries, and Johnson Controls joined as a strategic investor.
- Armada reported 540% customer bookings growth from fiscal 2025 to 2026, followed by a 2,000% year-over-year jump in the first quarter of fiscal 2027.
- Armada’s modular data centers run AI on site and can draw power from sources like solar or gas flares, allowing deployment in days, a model the U.S. Navy tested during a multinational exercise.