ARMADA RAISES $230M AT $2B VALUATION FOR MODULAR AI DATA CENTERS Armada builds modular data centers that can be deployed near power sources and run AI workloads on-site instead of sending data back to large cloud regions. The Series B was co-led by Overmatch, 8090 Industries and BlackRock. Johnson Controls also invested and signed a manufacturing deal with Armada. The companies plan to build modular AI data centers at a new 400,000-square-foot Arizona factory called Galleon Forge One. The factory is expected to create more than 500 jobs. Production will start with Leviathan, Armada’s megawatt-scale modular data center, this summer. Armada says bookings grew 540% from FY25 to FY26, and Q1 FY27 bookings were up roughly 2,000% YoY.