Founders Fund, Microsoft-Backed Armada Raises $131 Million For AI Data Centers
The startup packs portable pods and shipping containers with servers capable of providing a megawatt of compute capacity.
Armada has completed a new funding round for its mobile data center technology.
Source: Armada
Armada, a startup that makes movable AI data centers for use in fields like manufacturing and defense, has raised $131 million from investors in a deal that highlights the broad use cases for artificial intelligence.
The round included new investors Pinegrove Capital Partners, Veriten and Glade Brook Capital Partners, as well as more funding from existing investors like Founders Fund, Lux Capital, Microsoft Corp.’s venture fund and Marlinspike Partners. The company declined to provide its valuation.