Topic: energy

Armada Raises $230 Million to Build Modular Data Center Factory in Arizona with Johnson Controls Investment

05/19/2026, 11:31 AM economy fundraising ai energy
Armada, a modular data center builder, secured $230 million in a Series B funding round, boosting its valuation to $2 billion and enabling the construction of a new manufacturing facility in Arizona in partnership with Johnson Controls. This development positions Armada to meet the growing demand for agile data solutions in sectors like defense and energy, particularly in the context of increasing competition in AI infrastructure.