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Business/Financial

Data Center Startup Armada Raises $230 Million; Partners With Johnson Controls On Manufacturing

By Cal Biesecker

Tuesday, May 19th, 2026

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Data Center Startup Armada Raises $230 Million; Partners With Johnson Controls On Manufacturing

Leviathan. Photo: Armada

Armada, a developer and manufacturer of modular, relocatable data centers has raised $230 million in a new funding round to boost production capacity to meet demand and strengthen its balance sheet. The oversubscribed Series B ground was co-led by Overmatch, BlackRock and 8090 Industries, and includes participation from Johnson Controls [JCI], which has entered a framework agreement with Armada for data center production and the establishment of a dedicated factor in Arizona, the San Francisco-based startup said on Tuesday. The…

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