Armada raises $230M at $2B valuation to build 400,000 sq ft Arizona factory with Johnson Controls, manufacturing modular AI data centers for US military, energy sector; bookings surge 540% as company competes with China in edge computing race.

Modular data center builder Armada raises $230 million, to build Arizona factory with new investor Johnson Controls

Armada co-founders Dan Wright (L) and John Runyan (R)ArmadaArmada, which builds modular data centers that are becoming increasingly popular with customers in defense, energy and the military sector, raised $230 million from investors in a Series B fundraising round announced on Tuesday. San Francisco-based Armada, which was named to the 2026 CNBC Disruptor 50 list on Tuesday, was valued at $2 billion in the deal. The investor round comes alongside a manufacturing deal with Johnson Controls, whic...