Dec 16, 2023 | Posted by Abdul-Rahman Oladimeji
Washington-based Edge computing firm Armada has announced that it recently raised $55 million for its Edge computing modules and management platform. The funds was raised from investors including Founders Fund, Lux Capital, Shield Capital, and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC, among others.
Armada co-founder and CEO Dan Wright said, “Today, AI - including large language models, multimodal AI, and predictive models - is revolutionizing every facet of our lives and work, but not everyone has the same opportunity. What’s truly astounding is that vast swaths of the world still lack basic Internet access, much less the ability to derive tangible value from their data. Armada’s mission is to bridge the digital divide once and for all, giving our customers the ability to solve their biggest problems.”
Justin Wilson, managing director at Koch Real Estate Investments, added, “Armada plays a vital role in addressing the growing compute needs of industrial IoT for manufacturing and industrial applications, a sector that has been vastly underserved but is crucial in today’s landscape."
