The Bad PlaceUS Top News and Analysis | Modular data center builder Armada raises $230 million, to build new Arizona factory with new investor Johnson Controls
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Armada, a San Francisco‑based builder of modular AI data centers, announced a $230 million Series B financing that values the company at $2 billion and includes a manufacturing partnership with Johnson Controls to produce its units at a new 400,000‑square‑foot Arizona factory, Galleon Forge One, which is expected to create more than 500 jobs. The company’s modular “Leviathan” data centers can be deployed within days, attach to existing energy sources such as solar or gas flares, and are being adopted by defense, energy and industrial customers—including the U.S. Navy, offshore oil rigs, mining, telecommunications and oil‑gas operators—with customer bookings up 540 % from FY 25 to FY 26 and a 2,000 % year‑over‑year surge in Q1 FY 27. Armada’s rapid‑deployment, edge‑computing solution is positioned as a key component of the U.S. AI infrastructure race against China, offering on‑site AI processing for rugged environments while leveraging Johnson Controls’ field‑service network to scale production and deployment.
Read more: https://www.cnbc.com/2026/05/19/modular-data-center-builder-armada-raises-230-million.html