Armada raises $230 million to expand modular data center production in Arizona

May 19, 2026

AI Summary

Armada, a builder of modular data centers, has secured $230 million in a Series B funding round, achieving a valuation of $2 billion. The investment will support the construction of a new factory in Arizona, in partnership with Johnson Controls, aimed at producing advanced data centers for various industries, including defense and energy.

Armada raised $230 million in a Series B funding round, achieving a valuation of $2 billion.
The funding will be used to build a 400,000-square foot factory in Arizona, named Galleon Forge One, in collaboration with Johnson Controls.
The factory is expected to create over 500 jobs and will initially produce the Leviathan modular data center.
Armada's data centers can connect to existing energy sources and can be deployed quickly, facilitating on-site AI processing.
The company has seen a 540% increase in customer bookings from fiscal 2025 to fiscal 2026, with a 2,000% year-over-year spike in Q1 FY27.
Johnson Controls will leverage its extensive workforce to help deploy Armada's modular data centers, which are being sold to sectors like the U.S. military, mining, telecommunications, and oil and gas.
The U.S. Navy has utilized Armada's technology during naval exercises, and the company is involved in projects with the U.S. Department of Energy.
The funding round was oversubscribed and included new investors such as BlackRock, along with existing investors like Felicis and Founders Fund.

data centersinvestmentmodular technologybusiness growthArizona

Armada raises $230 million to expand modular data center production in Arizona

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