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Armory - About the company

Armory is a seed company based in Gurugram (India), founded in 2024 by Amardeep Singh. It operates as a Manufacturer of counter drone systems for detection and defense purposes. Armory has raised $3.78M in funding from Antler and growX ventures, with a current valuation of ₹*****. The company has 329 active competitors, including 64 funded and 24 that have exited. Its top competitors include companies like Epirus, BBBS and DroneShield.

Company Details

Manufacturer of counter drone systems for detection and defense purposes. It detect, track, and neutralize rogue drones for military and critical‑infrastructure‑protection use cases, combining purpose‑built hardware with AI‑driven software. It monitors airspace to detect threats and provides mechanisms to mitigate risks posed by small unmanned aircraft. It includes ground based units designed for deployment in various environments. The software platform unifies these components to facilitate threat identification and response.
Social
X
Email ID
*****@armory.in
Phone Number
+91 **********
Registered Address
Blue One Square, 246, Phase IV, Udyog Viha, Industrial Complex Dundahera, Gurgaon, Industrial Complex Dundahera, Haryana, India, 122016
Key Metrics
Founded Year
2024
Location
Gurugram, India
Stage
Seed
Total Funding
$3.78M in 3 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Mar 31, 2026
Investors
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
25 as on Sep 30, 2026
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Armory's funding and investors

Armory has raised a total funding of $3.78M over 3 rounds. Its first funding round was on Apr 09, 2025. Its latest funding round was a Seed round on Mar 31, 2026 for $*****. 5 investors participated in its latest round. Armory has 12 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Armory:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 31, 2026
1714042
Seed
4166559
9351784
9529891
6496710
May 03, 2025
3259893
Seed
3460119
7814398
5343587
Apr 09, 2025
6296108
Seed
8620672
7293195
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Armory's founders and board of directors

Founder? Claim Profile
The founders of Armory is Amardeep Singh. Amardeep Singh is the CEO of Armory.
Here are the details of Armory's key team members:

Armory's Board of Directors

Armory's board has 2 active members. Amardeep Singh and Ruhani Singh are part of team.
Here is the list of Armory's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
2y 8m
Team
-
Current
2y 8m

Armory's employee count trend

Armory has 25 employees as of Sep 26. Here is Armory's employee count trend over the years:
Employee count trend for Armory
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Armory's Competitors and alternates

Top competitors of Armory include Epirus, BBBS and DroneShield. Here is the list of Top 10 competitors of Armory, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Epirus
Epirus
2017, Los Angeles (United States), Series D
Developer of high-power microwave systems for electronic warfare and air defense
$595M
67/100
2nd
Logo for BBBS
BBBS
2018, Chennai (India), Series C
Manufacturer of electronic warfare systems and autonomous defense technology platforms
$37.7M
65/100
3rd
Logo for DroneShield
DroneShield
2014, Herndon (United States), Public
Provider of AI-powered counter-drone systems
$26.2M
65/100
4th
Logo for D-Fend Solutions
D-Fend Solutions
2016, Netanya (Israel), Acquired
Developer of counter-drone systems for drone detection and mitigation purposes
$67M
65/100
5th
Logo for Allen Control Systems
Allen Control Systems
2024, Austin (United States), Series B
Provider of counter-drone robotic gun systems for military
$242M
64/100
6th
Logo for Indrajaal
Indrajaal
2022, Hyderabad (India), Seed
Deep-tech defence technology platform that develops AI-powered counter-drone and airspace security systems
$7.34M
64/100
7th
Logo for Fortem Technologies
Fortem Technologies
2016, Provo (United States), Series B
Developer of airspace security and defense solutions for drone threats
$94.1M
64/100
8th
Logo for CerbAir
CerbAir
2015, Orsay (France), Series A
Provider of technology for real-time detection and neutralization of drones
$7.83M
63/100
9th
Logo for SkySafe
SkySafe
2015, San Diego (United States), Series B
Provider of cloud-connected drone detection systems
$49M
62/100
10th
Logo for Zen Technologies
Zen Technologies
1993, Hyderabad (India), Public
Provider of defence training simulators, combat training centers, and anti-drone systems
-
57/100
18th
Logo for Armory
Armory
2024, Gurugram (India), Seed
Manufacturer of counter drone systems for detection and defense purposes
$3.78M
54/100
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Armory's Latest cap tables and shareholding

Founders (largest shareholder) own 54.35%, Funds own 22.42%, Enterprises own 1.09% and Angels own 0.11%. The net worth of Armory's founders is INR 125Cr as of Mar 31, 2026. The cap table displayed below is for ARMORY SHIELD PRIVATE LIMITED which is the legal entity associated with Armory.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
54.35%
125Cr
1015348
6706832
4710803
4378206
6031172
7816728
4872913
7588873
2066277
7933056
Fund
22.42%
51.6Cr
7405256
4395030
7382114
7888689
3561
1189
1202
7289
1486
1178
89
66
70
26
23
55
7
2
5
1
8
7
Enterprise
1.09%
2.5Cr
4
7
5
8
Angel
0.11%
25.3L
0
0
0
0
Other People
0.55%
1.26Cr
0
0
0
0
ESOP Pool
21.49%
49.4Cr
6171947
2987444
8769075
7454960
Total
100.00%
230Cr
5466610
8430492
4879314
4011216
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
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  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

Armory's Investments and acquisitions

Armory has made no investments or acquisitions yet.

Reports related to Armory

Here is the latest report on Armory's sector:

News related to Armory

Media has covered Armory for a total of 3 events in the last 1 year, 2 of them have been about company updates.
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