By UpMarket Research | Last updated: September 2026
CEO Dan WrightFounded 2022HQ San Francisco, US
Armada is a San Francisco-based edge computing company that builds infrastructure for remote and disconnected environments. It combines compute, connectivity, and AI to help enterprises process data at the edge.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$2B
Previous Price
$1.5B
Series B-2 Jul 2025
How to Invest in Armada Through UpMarket
Armada shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Armada offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
May 2026
Series B
$17.12
$2.2B
Jul 2025
Series B-2
$11.12
$1.5B
Jul 2024
Series B-1
$3.33
$464.6M
Dec 2023
Series A
$100M
Why Investors Are Watching Armada
Growth Signal
Armada raised $131M to scale portable AI data centers
Armada raised $131 million on July 24, 2025, in a round backed by Founders Fund, Lux Capital, and Microsoft’s M12. The company said the capital will support its mobile AI data-center platform for manufacturing and defense use cases.
Competitive Moat
Armada’s full-stack edge platform spans hardware and software
Bloomberg describes Armada as a computing platform with mobile connectivity, operating-system software, and support for data processing and AI applications. Its integrated stack is designed for network infrastructure diagnostics, troubleshooting, and contextual alerts.
Market Opportunity
Armada targets sovereign AI infrastructure and edge deployment
In May 2026, Armada said it is building sovereign infrastructure for AI inference, fine-tuning, and distributed model deployment at scale. A company-linked update also said the platform can be deployed rapidly for industrial sites, remote locations, and defense operations.
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No. As of August 2026, Armada is a private company and does not trade on any public stock exchange. Accredited investors can access Armada shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Armada does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Armada shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Armada shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Armada builds infrastructure for remote and disconnected environments by combining compute, connectivity, and AI, and raised $131M to scale portable AI data centers, accredited investors can access Armada stock through UpMarket.
