Armada Raises $230M Series B at $2B Valuation, Johnson Controls Backs Funding on May 19

GateNews
According to CNBC, Armada, a San Francisco-based modular data center maker, raised $230 million in Series B funding announced on May 19, valuing the company at $2 billion. Johnson Controls participated in the round and signed a manufacturing agreement to produce Armada's Leviathan systems at a 400,000-square-foot Arizona facility called Galleon Forge One, expected to create over 500 jobs and begin producing the company's megawatt-scale data centers this summer. Armada sells its systems to the U.S. military, mining, telecom, and oil and gas companies for on-site AI processing in remote locations.
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