Modular data center builder Armada raises $230 million

Armada, which builds modular data centers that are increasingly popular among customers in the defense, energy and military sectors, has raised $230 million from investors in a Series B fundraising round announced Tuesday.

The deal value of San Francisco-based Armada, which entered the 2026 CNBC Disruptor 50 list on Tuesday, was determined as $2 billion.

Investor round comes with a production deal Johnson ControlsInvested in Armada to produce modular data centers in a 400,000-square-foot Arizona factory called Galleon Forge One.

The factory, which is expected to create employment for more than 500 people, will first produce Armada’s Leviathan, a megawatt-scale data center, starting this summer. Unlike the massive data centers built by hyperscalers, Armada’s data centers can be connected to existing energy sources, such as solar power and gas flares produced by oil wells, and can be deployed in days rather than years. Modular data centers enable AI operations to occur on-site rather than requiring data to be transmitted.

Armada’s co-founder and CEO, Dan Wright, said in his statement regarding the agreement, “The artificial intelligence race will not be won with one-off projects.” “This award will be won by companies and countries that can produce, deploy and continuously develop AI infrastructure with speed, scale and sovereignty.”

owned by Wright framed the company’s mission He says it’s the “defining race of our time” based on America’s global AI competition with China.

Johnson Controls has 40,000 field personnel in key regions, allowing Armada to produce and deploy AI infrastructure. “Johnson Controls is working with Armada to quickly deliver secure modular data centers at scale,” Johnson Controls CEO Joakim Weidemanis said in a statement. “Johnson Controls’ distinctive technology, US-based manufacturing strength, and Armada’s edge computing expertise will deliver thermally critical environments that operate predictably, deploy quickly, and scale with confidence,” he added.

The companies have already deployed units throughout the United States and around the world.

Armada sells modular data centers to the U.S. military and industries such as mining, telecommunications, and oil and gas; all of which operate in what Armada calls “robust” environments.

The US Navy used the Armada in the UNITAS Naval exercise with its American partners; Rear Adm. Carlos Sardiello noted that modular data centers and edge computing help the Navy operate at sea. Armada is also collaborating on the U.S. Department of Energy’s Genesis Mission, connecting national laboratories, supercomputers, and datasets to an AI research platform.

Armada has projects around the world with WinDC for the installation of portable artificial intelligence factories in Australia, and projects in Norway’s oil and gas industry with Aker BP.

Armada said customer bookings increased 540% from fiscal 2025 to fiscal 2026, and the first quarter of fiscal 2027 alone saw a 2,000% increase from the previous year.

The company said the round was oversubscribed and was co-led by Overmatch, 8090 Industries and. Black Rocka new investor. Johnson Controls, NightDragon, Mitsui and Singtel Innov8 also participated in the round as new strategic investors. Existing investors including Felicis, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Veriten and Gladebrook also participated in the deal.