Armada Funded $55M to Bridge Global Digital Divide and Empower AI Data Use

Data

Armada is a San Francisco, CA-based Developer of an edge computing platform designed to revolutionize connectivity, computing, and artificial intelligence (AI) tools. The company builds and operates a resilient, secure, and scalable infrastructure, with a matching software component, providing users with a single control plane to efficiently manage and optimize data.

Armada was funded $55 million 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 angel investors.

The funding will propel Armada forward in its mission to bridge the global digital divide, empowering businesses and communities to leverage all 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. Armada’s mission of democratizing access to data analytics tools has resonated strongly with these backers.

The primary goal of Armada is to break down barriers hindering the effective utilization of data by businesses and communities across the globe. Despite the exponential growth of digital information, many entities need help leveraging their data effectively, especially in areas with limited connectivity and resources.

The CEO of Armada, Dan Wright, and Chief Operating Officer Jon Runyan expressed immense enthusiasm and gratitude for the support received. Wright highlighted that the funding injection would significantly aid in expanding Armada’s reach to underserved regions, allowing them to harness the power of their data for growth and development.

Armada’s innovative approach centers on creating accessible, user-friendly data analytics tools tailored for various environments, ensuring that irrespective of location or resources, businesses, and communities can unlock the potential of their data.

By providing the means for businesses and communities to capitalize on their data reservoirs, Armada envisions a future where data is not a limitation but an opportunity for empowerment and growth.

The strides made by Armada in addressing the global digital divide and empowering entities to maximize their data potential speak to a promising future where technological resources are accessible to all, transcending boundaries and driving collective advancement.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.