Armada raised $40 million in a funding round led by Microsoft’s M12 to further develop edge computing technology for disaster response and remote environments.
Jul 11, 2024•about 1 year ago
Amount Raised
$40 Million
San FranciscoSoftwareInvestors
Microsoft’s M12
Description
Armada, a company focusing on edge computing technology, raised $40 million in a funding round led by Microsoft's M12. The company's products aim to provide solutions for disaster response and uninterrupted data access in remote environments.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech