Modular data center builder Armada raises $230 million, to build Arizona factory with new investor Johnson Controls

Key points

• Armada, which builds modular data centers that are becoming increasingly popular with customers in defense, energy and the military sector, raised $230 million from investors in a Series B fundraising round announced on Tuesday.
• San Francisco-based Armada, which was named to the 2026 CNBC Disruptor 50 list on Tuesday, was valued at $2 billion in the deal.
• The investor round comes alongside a manufacturing deal with Johnson Controls, which made an investment in Armada, to produce modular data centers at a new 400,000-square foot Arizona factory called Galleon Forge One.
• The factory, expected to create more than 500 jobs, will initially produce Armada's Leviathan, a megawatt-scale data center, starting this summer.
• Unlike the massive data centers built by the hyperscalers, Armada's data centers can attach to existing energy sources, such as solar power and gas flares produced by oil wells, and can be deployed within days rather than years.