When was Armada founded?

Armada was founded in 2016 and became a unicorn in 2026, reaching the milestone in 10 years. It raised its 1st funding round 1 year after its incorporation.

Where is Armada located?

Armada is headquartered in Boston, United States.

How many employees does Armada have?

As of Aug 31, 2026, the latest employee count at Armada is 666.

Is Armada a funded company?

Armada is a funded company, having raised a total of $457M across 5 funding rounds to date. The company's 1st funding round was a $1.32M Seed round, raised on Oct 26, 2017.

How much is Armada worth?

The latest valuation of Armada is $2B as of May 19, 2026.

When was the latest funding round of Armada?

Armada's latest funding was a $230M Series B round on May 19, 2026, with participation from 15 investors.

Is Armada a Edge Computing company?

The primary sector of Armada is Edge Computing.

Where does Armada rank among its competitors?

Armada ranks 3rd amongst 156 active competitors, of which 12 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Armada, which secured $230M in May, 2026.

Who are the top competitors of Armada?

Armada's top competitors include Blaize, Axelera AI and Veea. Among them, Armada secured the most recent funding round in May, 2026.

Armada - 2026 Company Profile, Team, Funding & Competitors

Armada is a series B company based in Boston (United States), founded in 2016 by Marc Held and Jon Runyan. It operates as a Provider of edge platform combining connectivity, compute, and real-world AI. Armada has raised $457M in funding from investors like Founders Fund, Lux Capital and Shield Capital, with a current valuation of $2B. The company has 156 active competitors, including 12 funded and 4 that have exited. Its top competitors include companies like Blaize, Axelera AI and Veea.

Sectors and market segments that Armada operate in

Armada serves in the High Tech, Internet of Things - Industry Applications market segments.The primary business model of Armada are:

Company Details

Provider of edge platform combining connectivity, compute, and real-world AI. The platform offers tools for monitoring and managing connected assets. It provides ruggedized mobile data centers and software for GPU cluster management. The company also offers a marketplace for hardware and software needed for edge operations.

Website: www.armada.ai/
Email ID: *****@armada.ai

Key Metrics

Founded Year

2016

Location

Boston, United States

Stage

Series B

Total Funding

$457M in 5 rounds

Latest Funding Round

Series B, May 19, 2026, $230M

Post Money Valuation

$2B as on May 19, 2026

Investors

Founders Fund & 28 more

Ranked

3^rd among 156 active competitors

Employee Count

666 as on Aug 31, 2026

Similar Companies

Blaize & 47 more

View Armada's full profile

Armada has raised a total funding of $457M over 5 rounds. Its first funding round was on Oct 26, 2017. Its latest funding round was a Series B round on May 19, 2026 for $230M. 15 investors participated in its latest round. Armada has 29 institutional investors.

Here is the list of recent funding rounds of Armada:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 19, 2026	$230M	Series B	$2B	-	Overmatch	BlackRock, 8090 Industries, Johnson Controls, NightDragon, Mitsui, Singtel Innov8, Felicis Ventures, Marlinspike, Shield Capital, Lux Capital, Founders Fund, Silent Ventures, Veriten, Glade Brook Capital
Jul 24, 2025	$131M	Series B	-	-	-	Veriten, Glade Brook Capital, Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12, Overmatch, Silent Ventures, Felicis Ventures, Marlinspike, Pinegrove
Jul 11, 2024	$40M	Series A	-	-	M12	-

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View details of Armada's funding rounds and investors

The founders of Armada are Marc Held and Jon Runyan.

Here are the details of Armada's key team members:

Marc Held: Co-Founder & Co-CEO of Armada and founder of 2 other companies, Weft and Zazu.
Jon Runyan: Co-Founder & COO of Armada.

View details of Armada's Founder profiles and Board Members

Armada's employee count trend

Armada has 666 employees as of Aug 26. Here is Armada's employee count trend over the years:

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Top competitors of Armada include Blaize, Axelera AI and Veea. Here is the list of Top 10 competitors of Armada, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Blaize 2010, El Dorado Hills (United States), Public	Developer of hardware and software solutions optimizing artificial intelligence applications	$136M	Temasek, DENSO & 24 others	76/100
2nd	Axelera AI 2021, Eindhoven (Netherlands), Series C	Manufacturer of hardware accelerators and software for artificial intelligence inference	$450M	Innovation Industries, Samsung Catalyst Fund ... & 13 others	64/100
3rd	Armada 2016, Boston (United States), Series B	Provider of edge platform combining connectivity, compute, and real-world AI	$457M	Glade Brook Capital, Felicis Ventures & 27 others	64/100
4th	Veea 2014, New York City (United States), Acquired	Edge AI platform provider enabling secure, intelligent, and connected solutions	$40M	-	62/100
5th	SandLogic 2018, Bengaluru (India), Seed	Developer of artificial intelligence silicon hardware and software inference engines	$9.27M	NextEdge, Clay Capital & 3 others	58/100
6th	IOTech 2010, Newcastle Upon Tyne (United Kingdom), Series B	Developer of open edge data platform for industrial edge solutions	$20.8M	Dell Technologies Capital, Gov & 10 others	56/100
7th	EnCharge 2022, Santa Clara (United States), Series B	Developer of hardware and software for edge-to-cloud artificial intelligence compute	$144M	Tiger Global Management, VentureTech Alliance ... & 19 others	51/100
8th	Eurotech 1992, Udine (Italy), Public	Infrastructure for IoT based device management	-	Herald Investment Management, Europa	48/100
9th	EdgeIQ 2012, Boston (United States), Series A	Provider of device management, orchestration, and observability solutions for businesses	$9.36M	First Analysis, Mathers Associates & 1 others	45/100
10th	Premio Inc 1989, Los Angeles (United States), Unfunded	Manufacturer of storage servers	-	-	44/100