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New Deal


Announced

Completed

Founders Fund, Lux Capital, Shield Capital and 8090 Industries led a $55m Series A funding round in Armada.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Private

Single Bidder

artificial intelligence

Private Equity

Friendly

Digital Services

Domestic

Completed

United States

computing pioneer

Venture Capital

Synopsis

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Founders Fund, Lux Capital, Shield Capital and 8090 Industries, four venture capital firms, led a $55m Series A funding round in Armada, a dedicated operating system for Starlink and all future IoT devices, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments and 8VC. "Today, AI — including large language models, multimodal AI and predictive models — is revolutionizing every facet of our lives and work, but not everyone has the same opportunity. What’s truly astounding is that vast swaths of the world still lack basic internet access, much less the ability to derive tangible value from their data. Armada’s mission is to bridge the digital divide once and for all, giving our customers the ability to solve their biggest problems," Dan Wright, Armada Co-Founder and CEO.

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