GoKawiilArmada, 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. The modular data centers enable AI processing to occur on-site rather than requiring data to be transmitted.
"The AI race will not be won by one-off projects," said Dan Wright, co-founder and CEO of Armada in a statement on the deal. "It will be won by the companies and countries that can manufacture, deploy, and continuously improve AI infrastructure, with speed, scale and sovereignty."
Wright has framed the company 's mission as tied to America's AI global competition with China, saying it is "the defining race of our time."