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

Synopsis

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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