Shield Capital
Assembly Line
Armada Raises More Than $55M to Bridge the Digital Divide
Armada, an edge computing pioneer redefining the future of connectivity, compute and AI, today exited stealth. The company marks this milestone with a significant capital raise exceeding $55M, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other strategic investors. This funding will propel Armada forward in its mission to bridge the global digital divide, empowering businesses and communities to leverage all of their data, regardless of where it’s generated. Armada is dedicated to unlocking the potential of generative AI, edge computing and predictive models on a global scale.
Armada provides a full-stack infrastructure solution, deployable on both on-premise and cloud infrastructures, to deliver optimal edge computing and cutting edge satellite internet connectivity to the world’s most remote regions. This empowers companies to harness the power of generative AI and predictive models where they are most needed, enabling a range of industries — from utilities and infrastructure to military and mining — to dramatically enhance their real-time processing, analysis and decision-making capabilities, right where their data resides.
🚀 Apex Raises $16M in Series A Funding and Reveals Customers Flying on its First Aries Satellite Bus
Apex, the Los Angeles-based spacecraft mass manufacturing company, announced its Series A fundraising round and customers flying on its first Aries satellite bus.
Apex’s $16M Series A funding round, which brings the company’s total funding to over $27M, was led by venture capital firms Andreessen Horowitz and Shield Capital. Apex will use the additional funding to open a new, 50,000 sq ft production facility in Los Angeles dedicated to serial bus manufacturing. This investment and the new factory will allow the company to expand its production rate and further reduce lead times for its customers.