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TechCorp

📍 San Francisco👥 85
92
Post-Funding
⭐ Ideal Match

Just raised $40M Series B - high purchase intent window

Armada Raises More Than $55M To Bridge The Digital Divide

Dec 11, 2023almost 2 years ago

Amount Raised

$55 Million

San FranciscoSoftware

Investors

8 VcKoch Real Estate Investments137 VenturesMarlinspikeValor Equity PartnersContraryFelicis8090 IndustriesShield CapitalLux CapitalFounders Fund

Description

Armada, an edge computing pioneer redefining the future of connectivity, compute and AI, today exited stealth. The company marks this milestone with a significant capital raise exceeding $55M, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other strategic investors. This funding will propel Armada forward in its mission to bridge the global digital divide, empowering businesses and communities to leverage all of their data, regardless of where it’s generated. Armada is dedicated to unlocking the potential of generative AI, edge computing and predictive models on a global scale.

Company Information

Company

Armada

Location

San Francisco, California, United States

About

Armada is the world’s first full-stack edge computing platform, revolutionizing connectivity, compute, and AI solutions where they’re needed most - anywhere on Earth.

FundzWatch™ Score

76
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech